Suppose you want to buy a 20-year, $1,000 par value semi-annual bond, with an annual coupon rate of 8%, but pays interes

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Suppose you want to buy a 20-year, $1,000 par value semi-annual bond, with an annual coupon rate of 8%, but pays interes

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Suppose You Want To Buy A 20 Year 1 000 Par Value Semi Annual Bond With An Annual Coupon Rate Of 8 But Pays Interes 1
Suppose You Want To Buy A 20 Year 1 000 Par Value Semi Annual Bond With An Annual Coupon Rate Of 8 But Pays Interes 1 (11.52 KiB) Viewed 13 times
Suppose you want to buy a 20-year, $1,000 par value semi-annual bond, with an annual coupon rate of 8%, but pays interest annually. If the bond has 15 years left to maturity and it is currently selling for $989, what is the yield-to-maturity of the bond? (Round your answer to two decimal point)
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