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A 5-year, $1000 face bond with 3% coupon is currently selling with a 4% YTM( yield to maturity). Given the purchased price of 995.48$. Immediately
A 5-year, $1000 face bond with 3% coupon is currently selling with a 4% YTM( yield to maturity). Given the purchased price of 995.48$. Immediately after the purchase, the YTM drops to 3%. What is the realized yieldon bond investment?
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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
