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Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,040.74. The...

Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,040.74. The bond has a coupon rate of 6.66 percent and matures in 18 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

Solutions

Expert Solution

Given,

Par value = $2000

Current price = $2040.74

Coupon rate = 6.66%

Maturity = 18 years

Solution :-

jeff jeffy answered 1 year ago
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