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A Macrohard Corp. bond carries an 9 percent coupon, paid semiannually. The par value is $1000, and the bond matures in 8 years. If the
A Macrohard Corp. bond carries an 9 percent coupon, paid semiannually. The par value is $1000, and the bond matures in 8 years. If the bond currently sells for 95% of par value, what is its yield to maturity?
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
