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9 . You have a bond with 5 years maturity and 6 % coupon ( interest ) rate. A coupon is paid annually. Its face

9 .

You have a bond with

5

years maturity and

6 %

coupon

(

interest

)

rate. A coupon is paid annually. Its face value is $

1000 .

If the bond is priced at $

980,

how much is the Yield to Maturity?

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