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Assume that there is a bond on the market priced at $1450 and that the bond comes with a face value of $1,000 (a fairly

Assume that there is a bond on the market priced at $1450 and that the bond comes with a face value of $1,000 (a fairly common face value for bonds). The coupon rate for the bond is 15% and the bond will reach maturity in 8 years. What is Bond Yield to Maturity

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