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Consider a coupon bond that has a par value of $1100 and a coupon rate of 12%. The bond is currently selling for $1119.44 and
Consider a coupon bond that has a par value of $1100 and a coupon rate of 12%. The bond is currently selling for $1119.44 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yield to maturity is enter your response here ______%. (Round your response to one decimal place.)
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
