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Calculate the yield of the following bonds, where PBis the price of the bond,F is the face value, c is the coupon rate, and N
Calculate the yield of the following bonds, where PBis the price of the bond,F is the face value, c is the coupon rate, and N is the number of years to maturity:
PB= $990, F = $1,000, c = 9%, N (bond never matures)f
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