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    Yield to Maturity on a Bond

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    Suppose the following bond quote for the Beta Company appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2009. What is the yield to maturity on this bond?

    Coupon: 9.595
    Maturity: April 15, 2023
    Last Price: 76.915
    EST Spread: 431
    UST: 10

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    Solution Preview

    This can only be answered with a financial calculator due to the variables involved. You can't calculate it by hand. ...

    Solution Summary

    This solution provides the correct answer with explanation to the yield to maturity question presented.