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A coupon bond that pays interest annually has a market value equal to its par value...

A coupon bond that pays interest annually has a market value equal to its par value of $1,000. It matures in five years, and has a coupon rate of 9%. The yield to maturity on this bond is what?

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Answer #1

Answer: YTM = 9% At coupon rate = YTM = 9%, the bond would be traded at par.

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