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b. You are looking at a bond that has 30 years to maturity. The coupon rate is 8% and coupons are paid semiannually. The
b. You are looking at a bond that has 30 years to maturity. The coupon rate is 8% and coupons are paid semiannually. The current price is $950. What is the yield to maturity? Is it a premium bond or a discount bond?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th edition
133507696, 978-0133507690
