What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pa

What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest annually? 12.0 percent 13.2 percent 8.5 percent 9.4 percent?

Asked on September 7, 2017 in No Category.
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