What is the yield to maturity on an 9-year, 9-percent bond that pays interest semi-annually, which...

What is the yield to maturity on an 9-year, 9-percent bond that pays interest semi-annually, which is now priced at $979? Use a financial calculator.

4.68 percent

9.35 percent

9.02 percent

9 percent

Expert Solution

jeff jeffy answered 3 years ago

Now the bond has a yield to maturity of 14.94 percent, compounded semi-annually. What is the current price of the bond?

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