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A $1,000 bond with a coupon rate of 4%, interest paid semiannually, matures in 14 years, and sells for $980. What is the yield to
A $1,000 bond with a coupon rate of 4%, interest paid semiannually, matures in 14 years, and sells for $980. What is the yield to maturity? (round it to four decimal places)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
