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Data: Bond Par =1000 YR remain = 10 Coupon rate = 5% PMT PER Year = 2 Price paid for bond = 1200 What is

Data:

Bond Par =1000

YR remain = 10 Coupon rate = 5% PMT PER Year = 2 Price paid for bond = 1200

What is the Yield to Maturity, both using the excel function and by hand.

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