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A 9.5 percent semiannual coupon bond matures in 10 years. The bond has a face value of $1,000 and a current yield of 9.99 percent.
A 9.5 percent semiannual coupon bond matures in 10 years. The bond has a face value of $1,000 and a current yield of 9.99 percent. What is the bond's yield to maturity?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
978-0132805667
