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3. Stephen just paid $1,140 for a bond that will mature in 15 years. The bond has a face value of $1,000 and a coupon
3. Stephen just paid $1,140 for a bond that will mature in 15 years. The bond has a face value of $1,000 and a coupon rate of 7%, with interest paid semiannually. What is the yield to maturity on this bond?
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Edition
0134083245, 9780134083247
