What is the yield to maturity for this bond

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Reference no: EM13976513

1) First, find the price of the following Bond X.

The interest rate on the bond is 8%, paid semi-annually and the market yield is 9%. The maturity is 10 years.

2) Second, assume Bond Y has the same price as calculated above. Based upon this bond price, and a maturity of 10 years, what is the yield to maturity for this bond?

Reference no: EM13976513

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