Broke benjamin co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.9 percent. the bond sells for $985.72 and matures in 15 years. the par value is $1,000. what is the ytm of the bond?

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Isabellesoliss6660idn Isabellesoliss6660idn

07-11-2022
Business

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Broke benjamin co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.9 percent. the bond sells for $985.72 and matures in 15 years. the par value is $1,000. what is the ytm of the bond?

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