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Microsoft issued 20-year bond three years ago at a coupon rate of 3.25% paying semi-annual interest payments. If these bonds were priced at $976, what
Microsoft issued 20-year bond three years ago at a coupon rate of 3.25% paying semi-annual interest payments. If these bonds were priced at $976, what is the yield to maturity?
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
