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Last year you decided to invest your life savings in a corporate bond. The bond has a face value of $1000 but is trading at
Last year you decided to invest your life savings in a corporate bond. The bond has a face value of $1000 but is trading at $890 and you decide to purchase it. The bond has a 10% coupon rate and you received the interest payment on December 31st. Today you decided to sell the bond in the market for 950.00. What would the bonds yield be?
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