5.9 Consider a bond that pays an $80 coupon annually and has a face value of $1,000....

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5.9 Consider a bond that pays an $80 coupon annually and has a face value of $1,000.

Calculate the yield to maturity if the bond has

a. 20 years remaining to maturity and it is sold at $1,200.

b. 10 years remaining to maturity and it is sold at $950.

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Question Posted: Jul 25, 2024 09:01 AM

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5.9 Consider a bond that pays an $80 coupon annually and has a face value of $1,000....

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Corporate Finance

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