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dawgpound incorporated has a bond trading on the secondary market...

Question: dawgpound incorporated has a bond trading on the secondary market...

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Dawgpound Incorporated has a bond trading on the secondary market that will mature in four years. The bond pays an annual coupon with a coupon rate of 7.50%. Dawgpound bonds currently trade at $892.00, with a face value of $1,000. If you purchase the bond at this price, what is your yield to maturity? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Enter Answer Here...

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