What is the bond nominal yield to maturity

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Question 1: A corporate bond has a face value of $1,000, and pays a $114 coupon semiannually (that is, the bond has a 22.8 percent coupon). The bond matures in 16 years and sells at a price of $1,447. What is the bond's nominal yield to maturity?

Reference no: EM132505316

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