What is the yield to maturity of a corporate bond

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What is the yield to maturity of a corporate bond with 13 years to maturity, a coupon rate of 8% per year, a $1,000 par value, and a current market price of $1,250? Assume semiannual coupon payments.

Answer

4.2%
5.3%
6.0%
4.7%

 

Reference no: EM13260570

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