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A bond with a face value of $1000 and 10 years remaining until maturity, pays a coupon rate of 9% compounded semi-annually. What yield (compounded
A bond with a face value of $1000 and 10 years remaining until maturity, pays a coupon rate of 9% compounded semi-annually. What yield (compounded semi-annually) to maturity is earned by an investor who purchases this bond for $925? Solve manually
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