7. Patsy Dougherty bought a $1,OOD-face-value bond with a 9% annual coupon and three years to maturity
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7. Patsy Dougherty bought a $1,OOD-face-value bond with a 9% annual coupon and three years to maturity that makes its first interest payment one year from today.
Patsy bought the bond for $975.13. What is the bond's yield-to-maturity?
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Related Book For 
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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