Q4.11. Compute the yield-to-maturity of a two-year bond that costs $25,000 today and pays $1,000 at the
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Q4.11. Compute the yield-to-maturity of a two-year bond that costs $25,000 today and pays $1,000 at the end of each of the 2 years. At the end of the second year, it also repays $25,000. What is the bond's YTM?
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