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how to solve using financial calculator? please explain steps, can we use TVM Assume that there is an annual coupon paying bond on the market
how to solve using financial calculator? please explain steps, can we use TVM
Assume that there is an annual coupon paying bond on the market priced at $850 and that the bond comes with a face value of $1,000. The coupon rate for the bond is 15% and the bond will reach maturity in 7 years. Calculate bond's YTM? O 19.05% O 18.53% O 113.95Step by Step Solution
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