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a 15 year bond with a 9% annual coupon rate is issued at 1,000. what is...

a 15 year bond with a 9% annual coupon rate is issued at 1,000. what is the yield to maturity of bond?
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Answer #1

Calculate the yield to maturity as follows:

Therefore, the yield to maturity is 9%.

Note: Bond issued at par or face value will have yield to maturity equal to coupon rate.

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