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Find the yield to maturity for a 20-year, 6% annual coupon rate, $1,000 par value bond if the bond sells for $1,185 currently? We assume
Find the yield to maturity for a 20-year, 6% annual coupon rate, $1,000 par value bond if the bond sells for $1,185 currently? We assume that interest is paid on this bond every six months.
What's the bond's current yield? What's its capital gain yield?
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