A bond has an annual coupon rate of 3.5%, a face value of $1,000, a price of $1,025.33, and matures in 10 years.   What is the bond's YTM?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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A bond has an annual coupon rate of 3.5%, a face value of $1,000, a price of $1,025.33, and matures in 10 years.

 

What is the bond's YTM?

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