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financial markets and institutions class 3- The price of a 6% coupon bond, with a face value of $1000. Term to maturity is 3 years.

financial markets and institutions class

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3- The price of a 6% coupon bond, with a face value of $1000. Term to maturity is 3 years. What is the yield to maturity of the bond if the interest is compounded yearly? (1 mark)

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