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(DONT SEND ME IN IMAGE FORMAT) 5.2. An investor wants to know the YTM on an 8-year, 7% bond schling for 88.95% of its par
(DONT SEND ME IN IMAGE FORMAT)
5.2. An investor wants to know the YTM on an 8-year, 7% bond schling for 88.95% of its par value before investing in it. What is the bond's YTM, using the approximation formulaStep by Step Solution
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