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A $1,000 par value bond has an 8% coupon rate (paid annually). It has 10 years remaining to maturity. If the bond's current price is

A $1,000 par value bond has an 8% coupon rate (paid annually). It has 10 years remaining to maturity. If the bond's current price is $935.82, what should be the YTM of this bond?

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Answer To find the yield to maturity YTM of the bond we need to use the present value formula and so... blur-text-image

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