What was yield-to-maturity on bonds at the time of purchase

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You are a fixed-income (bond) portfolio manager. On Jan 15, 2021 you purchased five-year bonds with a face value of $5 million and a coupon rate of 4.0% per year, with coupons paid semi-annually. You purchased the bonds at par.

Problem 1: What was the yield-to-maturity on these bonds at the time of the purchase?

Reference no: EM132790205

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