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A bond has a par value of $1,000, 6 years to maturity, and a 9% coupon rate. If the bonds currently sell for $1,090, what
A bond has a par value of $1,000, 6 years to maturity, and a 9% coupon rate. If the bonds currently sell for $1,090, what is the yield to maturity?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
