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I need assistance with the following Problem: You are evaluating an outstanding issue of $1,000 par value bonds with a coupon rate of 11.57% that
I need assistance with the following Problem:
You are evaluating an outstanding issue of $1,000 par value bonds with a coupon rate of 11.57% that mature in 25 years and make quarterly interest payments. If the current market price for the bonds is $852, what is the quoted annual yield to maturity for thebonds?
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