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A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bonds YTM? Hint:
A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bonds YTM? Hint: The correct answer will round to .00 or .50
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
