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Can you please help me with the following bond coupon rate question? Barry Cuda is considering the purchase of the following bond:$1000 par, 4 7/8%
Can you please help me with the following bond coupon rate question?
Barry Cuda is considering the purchase of the following bond:$1000 par, 4 7/8% coupon rate, 18 year maturity that is currently selling for $1036.If Barry purchases this bond, what would his approximate yield to maturity be?
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