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A 5-year bond with a par value of 1,000. It has a 9% coupon and is priced at $950.20. You want to know what return
A 5-year bond with a par value of 1,000. It has a 9% coupon and is priced at $950.20. You want to know what return you will receive from the bond. What is the yield to maturity?
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