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Can you please work through step by step to get the answer for this. I do not have a financial calculator. If a 10% coupon
Can you please work through step by step to get the answer for this. I do not have a financial calculator.
If a 10% coupon bond sells for $800 and matures in 7 years, calculate its yield to maturity,
(a) assuming the bond pays a single annual coupon payment
(b) assuming it pays interest semi-annually
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