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A 30-year bond is currently priced at $900 and pays an annual coupon payment of 8%. The par value is $1,000. What is the
A 30-year bond is currently priced at $900 and pays an annual coupon payment of 8%. The par value is $1,000. What is the yield to maturity (in %)? (Enter your response rounded to two decimal places).
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To calculate the yield to maturity YTM of a bond we need to use the bonds current price cou...
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
