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A 3-year, 10% annual coupon bond, with a face value of $1,000 sells for $1,136.16. What is the yield to maturity? Please provide step-by-step instructions
A 3-year, 10% annual coupon bond, with a face value of $1,000 sells for $1,136.16. What is the yield to maturity?Please provide step-by-step instructions for solving the problem
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