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A $1,000 par value bond sells for $1,092. It matures in 20 years, has a 10 percent coupon rate, and pays interest semi-annually. What is
A $1,000 par value bond sells for $1,092. It matures in 20 years, has a 10 percent coupon rate, and pays interest semi-annually. What is the bond's yield to maturity?
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
