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A municipal bond has 10 years until maturity and sells for $5,000. If the coupon rate on the bond is 4.31 percent, what is the
A municipal bond has 10 years until maturity and sells for $5,000. If the coupon rate on the bond is 4.31 percent, what is the yield to maturity? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) |
Yield to maturity | % |
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