Andy is considering purchasing a 12-year bond that is selling for $1,300. What is the YTM...

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Question

Andy is considering purchasing a 12-year bond that is selling for $1,300. What is the YTM for this bond if it has an 8% coupo

Answer 1

Answer #1

face value = 1000 Payment is seme annual Time = 12 *2= 24 Present Value = 1300 Cocupon = 8% of 1000 = 40 Using financial calc

Answer 2

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