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A semiannual coupon bond with coupon rate of 5.5% and face value of $1000 trades at $950. It matures in 10 years. What is its
A semiannual coupon bond with coupon rate of 5.5% and face value of $1000 trades at $950. It matures in 10 years. What is its yield to maturity (YTM)? Answer in percent and round to two decimal places.
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
