I bought a bond that matures in 7 years. The bond has a par value of $1,000 and a 6.3% annual coupon. The bond current yield is 9.04%. How do you get the bond yield to maturity?© BrainMass Inc. brainmass.com June 3, 2020, 8:30 pm ad1c9bdddf
Current Yield = Annual Coupon / Current Price of Bond
Thus, the price of bond = ...
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