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Not sure where I'm going wrong with this question, been working on it for a while. Would really appreciate any help. Thx! A $1,000 par
Not sure where I'm going wrong with this question, been working on it for a while. Would really appreciate any help. Thx!
A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. Calculate the bond's yield to maturity.
6.05%
10.00%
10.06%
8.59%
11.26%
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