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A bond with a face value of $1,000 has a 10-year maturity and an 8.5 percent annualcoupon. The bond has a current yield of 8
A bond with a face value of $1,000 has a 10-year maturity and an 8.5 percent annualcoupon. The bond has a current yield of 8 percent. What is the bonds yield tomaturity?
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
