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

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Using financial calculator:

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

N = 4, FV (Par ...

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