What is the yield to maturity of a nine-year $5000 bond with a 4.7% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,754.81

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 4MC
Question

What is the yield to maturity of a nine-year $5000 bond with a 4.7% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,754.81 

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