What is the yield to maturity for uber bonds

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Reference no: EM133072872

You are asked to value bonds of Uber (ticker UBER, S&P credit rating 'B'). Assume you noticed the following UBER (hypothetical) bond issue:

Face value = $1,000; Annual coupon=$50 (paid in annual installments); Maturity = 10 years; Today's price = $1,003.50

What is the Yield to Maturity for those UBER bonds?

*Show mathematical equation. Not Excel.

Reference no: EM133072872

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