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A bond with a maturity of 12 years sells for $1,047. If the coupon rate is 7.2 percent, what is the yield to maturity of
A bond with a maturity of 12 years sells for $1,047. If the coupon rate is 7.2 percent, what is the yield to maturity of the bond? Use $1000 for par. Round to TWO decimal places.
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
