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Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,040.74. The bond has a coupon rate of 6.66 percent and
Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,040.74. The bond has a coupon rate of 6.66 percent and matures in 18 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
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Financial Regulation In The Global Economy
Authors: Richard J. Herring , Robert E. Litan
1st Edition
