A 6.55 percent coupon bond with 19 years left to maturity is offered for sale at $1,125.25. What yield to maturity is the bond offering? (Assume...

Kyleigh Macejkovic

Assuming a face value (F) of $1000, we are given the following data:

present value or bond value, b = $1125.25

Rate of return =
6.55%

Coupon payment, C = 1000 x6.55% = $65.5

Time to
maturity, t = 19 years

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