=+21. Consider a coupon bond that has a $900 par value and a coupon rate of 6%.
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=+21. Consider a coupon bond that has a $900 par value and a coupon rate of 6%. The bond is currently selling for
$860.15 and has two years to maturity. What is the bond’s yield to maturity (YTM)?
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9781292094182
11th Global Edition
Authors: Frederic S. Mishkin
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