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A one year bond pays an annual coupon of 4% and is trading at a discount of 3%. What is the Yield to Maturity (YTM)?
A one year bond pays an annual coupon of 4% and is trading at a discount of 3%. What is the Yield to Maturity (YTM)?
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
