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Coupon Payable Semi-Annually

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The bonds issued by Jordache Jewellers bear a 7.5% coupon, payable semiannually. The bonds mature is 13 years and have a $1,000 face value. Currently, the bonds sell at par. What is the yield to maturity?

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Solution Summary

This solution calculates the yield to maturity of the bonds of Jordache Jewellers.

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Input:
FV = 1000
The payment per period (6 months) = 1000 * 7.5% / ...

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