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A 25-year, $1,000 par value bond has an 8.5% semi-annual coupon. The bond currently sells for $875. What is the Yield to Maturity of this
A 25-year, $1,000 par value bond has an 8.5% semi-annual coupon. The bond currently sells for $875. What is the Yield to Maturity of this 25-year bond?
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
