You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and has an 7

You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and has an 7% annual coupon. The bond has a current yield of 5.74%. What is the bond’s yield to maturity? Round your answer to two decimal places.Note: I previously asked this question and was given an answer of 4.66% but that was not correct. Trying to figure out the correct answer and how to calculate for next time. Thanks! “Looking for a Similar Assignment? writersThe post You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and has an 7 appeared first on Graduate Paper Help. “Is this question part of your assignment? We Can Help!”