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1. Suppose, Ford Motor Company sold an issue of bonds with a 12-year maturity, a 10% coupon rate, and monthly interest payment. If current market
1. Suppose, Ford Motor Company sold an issue of bonds with a 12-year maturity, a 10% coupon rate, and monthly interest payment. If current market price of the bond is $450, what will be the yield to maturity (YTM)?
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