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Answer using a Financial calculator. show your work. ( Do not use excel). 2. What is the yield to maturity on a bond that has
Answer using a Financial calculator. show your work. ( Do not use excel).
2. What is the yield to maturity on a bond that has a price of $1,200 and pays $100 interest annually for 6 years at the end of which it repays the principal of $1000? Is the bond selling at premium, at par, or at discount? How can you tellStep by Step Solution
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