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Posted on Aug 17, 2024

A 1 0 - year bond with an 8 . 4 0 % annual coupon rate ( paid annually ) trades at a price of

10 -

year bond with an

8.40 %

annual coupon rate

(

paid annually

)

trades at a price of $

1, 120 .

What is the bond's yield to maturity?

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