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A 12 year bond issued by stainless tubs bear a 6 percent coupon payable semiannually. The bonds were issued 1 year ago and have 1,000
A 12 year bond issued by stainless tubs bear a 6 percent coupon payable semiannually. The bonds were issued 1 year ago and have 1,000 face value. Currently the bonds sell for 989$. What is the yield to maturity?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
