What is the bond's yield to maturity?

label Business & Finance
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Decor Interiors has an outstanding bond with a $1000 maturity value and a 5.5 percent coupon rate of interest that was issued 20 years ago.  Interest is paid semiannually.  The bond, which matures in five years, is currently selling $1022.  What is the bond's yield to maturity?

Apr 2nd, 2015

Market price $1,022.00
Par value $1,000.00
N (years to maturity) 5
Interest 5.50%
Frequency 2
N(Years) 5
YTM 2.50%

Apr 2nd, 2015

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Apr 2nd, 2015
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Apr 2nd, 2015
Jun 29th, 2017
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