Suppose a 10-year, $1,000 bond with a 8 % coupon rate and semiannual coupons is trading for a price of $1,102.8
Suppose a 10-year, $1,000 bond with a 8 % coupon rate and semiannual coupons is trading for a price of $1,102.87
What is the bond’s yield to maturity (expressed as an APR with semiannual compounding)?
The YTM is %.