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New Markets has $1,000 face value bonds outstanding that pay interest semiannually, mature in 14.5 years, and have a 4.5% coupon. The current price is
New Markets has $1,000 face value bonds outstanding that pay interest semiannually, mature in 14.5 years, and have a 4.5% coupon. The current price is quoted at 97.6. What is the yield to maturity?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
