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A new issued bond pays coupon payment once per year. Coupon rate is 7% . It currently sells for $1,127 per share . The face
A new issued bond pays coupon payment once per year. Coupon rate is 7% . It currently sells for $1,127 per share . The face value is $1,000 . The bonds mature in 10 years. Find out the yield to maturity of this bond.
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