Based on the selling price of the bond and the coupon rate, the yield to maturity on the bond is 8.6%.
What is the yield to maturity on this bond?
When a bond is selling at par, it means that the coupon rate and the yield to maturity are the same.
The bond in question is selling at its par price of $1,000 which means that the coupon rate of 8.6% is the same as the yield to maturity.
In conclusion, the YTM is 8.6%.
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