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Finance question manually calculate and show workings using finance formulas not excel (a) You just purchased a $1,000 par value, 5-year, 8% annual coupon bond

Finance question manually calculate and show workings using finance formulas not excel

(a) You just purchased a $1,000 par value, 5-year, 8% annual coupon bond that pays interest on a semi-annual basis. The bond sells for $950. What is the bond's yield to maturity

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