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What is yield to maturity that an investor who buys today

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Problem 1: Sandhill, Inc., has bonds outstanding that will mature in 8 years. The bonds have a face value of $1,000. These bonds pay interest semiannually and have a coupon rate of 4.6 percent. If the bonds are currently selling at $897.92, what is the yield to maturity that an investor who buys them today can expect to earn? (Round answer to 3 decimal place, e.g. 5.275%.)

Problem 2: What is the effective annual yield? (Round answer to 3 decimal places, e.g. 5.275%.)

Reference no: EM132795947

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