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The bonds issued by Jensen & Son have a 6.4% coupon rate, payable quarterly. The bonds,...

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Finance

The bonds issued by Jensen & Son have a 6.4% coupon rate,payable quarterly. The bonds, which mature in 18 years, have a$10,000 par value and they currently sell for $13,242.55 per bond.What is the yield to maturity of these bonds?

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Calculation of Yield to Maturity YTM of the Bond The Yield to maturity of YTM of the Bond is calculated using financial calculator as follows Normally the    See Answer
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