What is the yield-to-maturity of a bond with a coupon rate of 9.0%, par value of $2000, 6 years until maturity, and a value of $987.76 if coupons are paid annually with the next one due in one year?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55 and enter the positive value)

What is the yield-to-maturity of a bond with a coupon rate of 9.0%, par value of $2000, 6 years until maturity, and a value of $987.76 if coupons are paid annually with the next one due in one year?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55 and enter the positive value)

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

Problem 4MC

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