A corporation has an outstanding bond with the following characteristics: Coupon Rate...
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Finance
A corporation has an outstanding bond with the following characteristics:
| Coupon Rate | 6.0% |
| Interest Payments | Semi-Annually |
| Face Value | $1,000 |
| Years to maturity | 20 |
| Current market value | $854.64 |
What is the yield to maturity (YTM) for this bond?
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