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A bond currently sells for $1,030 even though it has a par of $1,000. It was issued two years ago and had a maturity of
A bond currently sells for $1,030 even though it has a par of $1,000. It was issued two years ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semiannually. What is its YTM? (Show workings)
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-1111415921
