1. Write down the formula that is used to calculate the yield to maturity on a 20-year...

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1. Write down the formula that is used to calculate the yield to maturity on a 20-year 10% coupon bond with $1000 face value that sells for $2000.

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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