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A 4.5% corporate bond has exactly nine years left until maturity. The bonds price quote today is 104.525. What is the YTM on the bond
A 4.5% corporate bond has exactly nine years left until maturity. The bonds price quote today is 104.525. What is the YTM on the bond today?
Assume all bonds pay semi-annual coupons. Assume all bonds have par values per contract of $1,000.
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