What is yield to maturity

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Reference no: EM131619124

How do you solve this problem using the BA II Plus calculator? I have given the solution, but need to know how to work on the calculator.

A $1,000 face value bond with a 20-year maturity makes a coupon payment of 10% every year and is on the market for its face value.

What is its yield to maturity?

10%

Reference no: EM131619124

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