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A 10-year bond pays a semi-annual coupon, has a coupon rate of 4 percent, a par value of $1,000, and a present value of $680.95.
A 10-year bond pays a semi-annual coupon, has a coupon rate of 4 percent, a par value of $1,000, and a present value of $680.95. What is its YTM?
6.56%
8.88%
7.23%
4.44%
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Risk Management And Financial Institutions
Authors: John C. Hull
3rd Edition
1118269039, 9781118269039
