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please show work You have just purchased a 20-year bond that was issued 5 years ago for $1045. The coupon rate is 8%, the par
please show work
You have just purchased a 20-year bond that was issued 5 years ago for $1045. The coupon rate is 8%, the par value is $1,000, and interest is paid semi-annually. What is the yield to maturityStep by Step Solution
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