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A bond with $1000 par value, has a coupon rate of 7.75% with semi-annual coupon payments and 14 years of maturity. The bond is selling
A bond with $1000 par value, has a coupon rate of 7.75% with semi-annual coupon payments and 14 years of maturity. The bond is selling for $1035.25 in the market. What is the YTM of this bond?
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
