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A 20-year, $1,000 face value bond sells for $925 and has an 8% annual coupon rate. What is the bonds yield to maturity?
A 20-year, $1,000 face value bond sells for $925 and has an 8% annual coupon rate. What is the bonds yield to maturity?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
