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A 100-year corporate bond has a coupon rate of 5% with semi-annual payments. If the current value of the bond in the marketplace is $400,
A 100-year corporate bond has a coupon rate of 5% with semi-annual payments. If the current value of the bond in the marketplace is $400, then what is the Yield-to-Maturity (YTM)?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
