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A government bond issued in France has a coupon rate of 5 percent, a face value of 100.00 euros, and matures in five years. The
A government bond issued in France has a coupon rate of 5 percent, a face value of 100.00 euros, and matures in five years. The bond pays annual interest payments. Calculate the yield to maturity of the bond (in euros) if the price of the bond is 106.00 euros? please explain the formula and how to do it in excell. thanks.
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