What is the Yield to Maturity of this bond? (HINT: USE EXCEL)

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 12P: Bond Yields and Rates of Return A 10-year, 12% semiannual coupon bond with a par value of 1,000 may...
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A bond is selling in the market for Rs. 905. The coupon rate of the bond is 6.125%, paid annually. The face value of the bond is Rs. 1000. The remaining time to maturity is 12 years. What is the Yield to Maturity of this bond? (HINT: USE EXCEL)

7.3%
7.9%
8.9%
9.3%
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