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5. A bond is selling at a 10% discount to par value, has an 8% semiannual coupon rate, 25 years left until maturity, and has
| 5. A bond is selling at a 10% discount to par value, has an 8% semiannual coupon rate, 25 years left until maturity, and has a $1,000 par value. What is its Yield to Maturity? |
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
