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Sagot :
The Year to Maturity of the bond is 4.4%.
YTM which is Year to Maturity, is the yield of a bond if it is held till maturity.
Formula for YTM can be seen below:
(Annual interest + Par value - Market Value / Number of year) : Par value + Market value/2
Given data:
Annual interest = 1000 x 0.063= 63
Par value = $1000
Market value = $952.05
Number of year = 19
Thus, we substitute all the number to YTM's formula
YTM = (63 + $1000 - $952.05/19) : $1000 + $952.05/2
YTM= (63 + 2.52) : 1,476.025
YTM = 65.52 : 1,476.025
YTM = 0.044
YTM = 4.4%
So the result is 4.4%.
Learn more about the Year to Maturity at https://brainly.com/question/14987978
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