What is the yield to maturity

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Reference no: EM132003319

The fieldstone flooring company series A bonds have 5 years to maturity. Interest is paid annually; the bonds have $1000 par value and the coupon rate is 9%

a. What is the yield to maturity, at a current market price of $829

b. What is the yield to maturity, at a current market price of $1104

c. What would you pay for a bond if you believed that appropriate yield is 12%?

Reference no: EM132003319

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