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(10 pts) You own a 20 year semi annual 8% coupon bond with a face value of $1,000. The current yield of the bond is
(10 pts) You own a 20 year semi annual 8% coupon bond with a face value of $1,000. The current yield of the bond is 8.2%.
What is the bond's yield to maturity?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
