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A 4-year maturity bond with a 14% coupon rate can be bought for $1,200. What is the yield to maturity if the coupon is paid

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A 4-year maturity bond with a 14% coupon rate can be bought for $1,200. What is the yield to maturity if the coupon is paid annually? What if it is paid semiannu ally? You will need a spreadsheet or a financial calculator to ans question. wer this

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