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I tried using the formula but got it wrong. can you please explain? thank you. The yield to maturity of a $1,000 bond with a
I tried using the formula but got it wrong. can you please explain? thank you.
The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.3% APR, compounded semiannually. What is its priceStep by Step Solution
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