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If you purchase a $1000 par value bond for $1048 that has a 5 1/8% coupon rate and 16 years until maturity, what will be

If you purchase a

$1000

par value bond for

$1048

that has a 5 1/8% coupon rate and 16 years until maturity, what will be your AYTM?\

4.5%

\

4.7%

\

4.9%

\

5.3%
image text in transcribed
If you purchase a $1000 par value bond for $1048 that has a 51/8% coupon rate and 16 years until maturity, what will be your AYTM? 4.5% 4.7% 4.9% 5.3%

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