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A coupon bond that pays interest of $50 annually has a par value of $1,000, matures in 5 years, and is selling today at an
A coupon bond that pays interest of $50 annually has a par value of $1,000, matures in 5 years, and is selling today at an $94.52 discount from par value. What is the YTM of this bond?
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Personal Finance Turning Money Into Wealth
Authors: Arthur Keown
8th Edition
0134730364, 978-0134730363
