You look in the Wall Street Journal and find that the price of the bond described...

You look in the Wall Street Journal and find that the price of the bond described above in part (a) is actually $1,100. What yield-to- maturity does this price imply?

Part a of the above question is

What is the price (per $1,000 of face value) of a 9 year 4% coupon-bond issued
by the U.S. Treasury? You may assume that the discount rate is 6%.

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Expert Solution

ekkarill92 answered 1 year ago

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