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A $1,000 par value bond sells for $1,299. It matures in 10 years, has a 14 percent coupon, pays interest semiannually, and can be called
"A $1,000 par value bond sells for $1,299. It matures in 10 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. What is the bond's YTM?" 7.55% 11.53% 10.66% o 977% 9.34%
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Money Banking And Financial Markets
Authors: Laurence Ball
1st Edition
0716759349, 9780716759348
