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A coupon bond that pays interest of $45 annually has a par value of $1000, matures in 4 years, and is selling today at a
A coupon bond that pays interest of $45 annually has a par value of $1000, matures in 4 years, and is selling today at a $50 discount from par value. The yield to maturity on this bond is _________.
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
9th edition
78034698, 978-0077502287, 77502280, 978-0078034695
