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JWS Corporation issued bonds on January 1, 2010. The bonds had a coupon rate of 4.5% with interest paid semiannually. The face value of the
JWS Corporation issued bonds on January 1, 2010. The bonds had a coupon rate of 4.5% with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on December 31, 2019. What is the yield to maturity for a JWS Corporation on January 1, 2014 if the market price of the bond on that date is $930? (Using a timeline may help)
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