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Check my work Footsteps Company has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The bond currently sells for
Check my work Footsteps Company has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The bond currently sells for $964.14, matures in 22 years, and has a par value of $1,000. What is the YTM of the bond? Multiple Choice
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
