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A 7.5 percent coupon bond has a face value of $1,000, pays interest semi-annually, has 4 years to maturity, and is currently selling for $1,120.
A 7.5 percent coupon bond has a face value of $1,000, pays interest semi-annually, has 4 years to maturity, and is currently selling for $1,120. What is the yield-to-maturity?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
