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A $1,000 par value bond with an 8% coupon rate (semiannual interest) matures in 5 years and currently sells for $1,200. What is the bonds
A $1,000 par value bond with an 8% coupon rate (semiannual interest) matures in 5 years and currently sells for $1,200. What is the bonds yield to maturity?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
