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Posted on Sep 02, 2024

ABC has 3 . 2 6 percent coupon bonds on the market with 1 year left to maturity. If the $ 1 0 0 0

ABC has

3.26

percent coupon bonds on the market with

1

year left to maturity. If the $

1000

face value bonds make semiannual payments and are currently priced at $

989,

what is their YTM in percent?

Answer to two decimals

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