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A 10-year corporate bond has a coupon rate of 9 % with annual payments. If the current value of the bond in the marketplace is
- A 10-year corporate bond has a coupon rate of 9% with annual payments. If the current value of the bond in the marketplace is $900, then what is the Yield-to-Maturity (YTM)?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
