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    Bond Maturity Yeild

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    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?

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    https://brainmass.com/business/bond-valuation/bond-maturity-yeild-140507

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    Current Yield = Annual Coupon / Current Price of Bond
    Thus, the price of bond = ...

    Solution Summary

    This Solution contains calculations to aid you in understanding the Solution to this question.

    $2.19

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