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A $1,000 face value bond pays a semi-annual coupon of 4.4% and has 10 years left to maturity. If the bond currently trades at $988.50,
A $1,000 face value bond pays a semi-annual coupon of 4.4% and has 10 years left to maturity. If the bond currently trades at $988.50, what is the yield to maturity?
|
| 4.54% |
|
| 4.62% |
|
| 2.27% |
|
| 3.54% |
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
11th Global Edition
1292094184, 978-1292094182
