What is the ytm-stated on nominal-annual-basis

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Reference no: EM131056202

The current market price of Smith Corporation's 8 percent coupon, 8 year bonds is $1,125.61. An 8% coupon rate is paid semi-annually, and the par value is equal to $1,000. What is the YTM (stated on a nominal, annual, basis) if the bonds mature 8 years from today?

Reference no: EM131056202

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