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At a price of $115, an investor purchases $1000 par value worth of 10-year with a 10% annual coupon rate exactly 3 years after its
At a price of $115, an investor purchases $1000 par value worth of 10-year with a 10% annual coupon rate exactly 3 years after its issue. What is the bond's yield to maturity?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
12th Edition
1260772160, 978-1260772166
