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    Yield to Maturity: Heymann Company bonds

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    Heymann Company bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and the coupon rate of 9 percent.

    What is the yield to maturity at the current market price of $829 or $1,104?

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    https://brainmass.com/business/bond-valuation/yield-to-maturity-heymann-company-bonds-260353

    Solution Preview

    Using financial calculator:

    a) What is the yield to maturity at a current market price of (1) $829?

    N = 4, FV (Par ...

    Solution Summary

    This solution provides step by step calculations for yield to maturity at a current market price.

    $2.19

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