Approximate yield to maturity
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Here's the problem:
PG Corp has a bond outstanding with a par value of $1,000, an annual interest payment of $110, a market price of $1,200, and a maturity in 10 years. Determine the following:
a. Coupon rate
b. Current yield
c. Approximate yield to maturity.
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Solution Summary
Approximate yield to maturity is considered.
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