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Posted on Aug 13, 2024

A bond is offered for sale for $ 1 , 1 2 0 . Its face value is $ 1 , 0 0 0 and

A bond is offered for sale for $

1, 120 .

Its face value is $

1, 000

and the interest is

11 %

payable annually. What yield to maturity will be received if the bond matures

10

years hence?

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