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A 25-year, $1,000 CeeLo bond is trading at a $620 discount. The bond carries a coupon rate of 9% and it was issued 10 years
A 25-year, $1,000 CeeLo bond is trading at a $620 discount. The bond carries a coupon rate of 9% and it was issued 10 years ago. Determine the yield to maturity.
the answer should be 24.921% compounded semi-annually but idk how
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