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For each of the following investments, indicate the equation Kim should use to calculate the yield to maturity. a ) Kim takes out a 5
For each of the following investments, indicate the equation Kim should use to calculate the yield to maturity.
a Kim takes out a year mortgage to purchase a $ house. The annual mortgage payment is $ with an additional rupfront payment of $
b Kim pays $ for a perpetuity with an annual coupon of $
c Kim pays $ for a year coupon bond with a $ face value and coupon rate.
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