YTM
| Par Value | $1,000 |
| Market Price | $1,175 |
| Coupon Rate | 11% |
| Years to Maturity | 10 |
| YTM | 8.351% |
| YTM (Semi Annual) | 4.191% |
What is the Yield to Maturity (YTM) on bonds assuming the following?
10-year maturity
Annual coupon
11% Coupon rate
Market Price = $1175
Par = $1000