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A bond is traded at a price of Rs. 1,080.42 . It has a face value of Rs. 1,000 , a semi - annual coupon
A bond is traded at a price of Rs. 1,080.42 . It has a face value of Rs. 1,000 , a semi - annual coupon of Rs. 30 and a maturity of five years . Determine it's yield to maturity
( Note - calculate YTM using Excel )
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