Assume the market price of a 5-year bond for Margaret Inc. is $900, and it has a par value of $1,000. The bond has an annual interest rate of 6% that is paid semi-annually. What is the yield to maturity of the bond?
Assume the market price of a 5-year bond for Margaret Inc. is $900, and it has a par value of $1,000. The bond has an annual interest rate of 6 percent that is paid semi-annually. What is the yield to maturity of the bond?
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