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A corporation issues a bond today with a ( $ 1,000 ) face value, maturity in 20 years, and an 8.5 coupon interest rate; interest

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A corporation issues a bond today with a \\( \\$ 1,000 \\) face value, maturity in 20 years, and an \8.5 coupon interest rate; interest is paid annually. An investor purchases the bond for \\( \\$ 1,000 \\). What is the yield to maturity? Answer: A corporation issues a bond today with a \\( \\$ 1,000 \\) face value, maturity in 20 years, and an \8.5 coupon interest rate; interest is paid annually. An investor purchases the bond for \\( \\$ 1,000 \\). What is the yield to maturity

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