question archive A semiannual coupon bond with 7 years to maturity is selling at RM1,097

A semiannual coupon bond with 7 years to maturity is selling at RM1,097

Subject:FinancePrice: Bought3

A semiannual coupon bond with 7 years to maturity is selling at RM1,097. Its face value is RM1,000 and its coupon is 10% per annum. Determine the bond’s YTM assuming interest rates are unchanged.

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