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Find yield to maturity. Bond purchased at a price of $850, promised interest payment of $100 each year over the next 5 years, when it

Find yield to maturity.

Bond purchased at a price of $850, promised interest payment of $100 each year over the next 5 years, when it will be redeemed by bonds issuer for $1,000, it will have a promised interest rate measure by the yield to maturity.

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