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Preston corporation has. A bond outstanding with an annual interest payment of 70, a market price of 1,240 and a maturity date in 10 years.

Preston corporation has. A bond outstanding with an annual interest payment of 70, a market price of 1,240 and a maturity date in 10 years. Assume the par value of the bond is 1000. I cannot figure out the exact yield to maturity. I have the approximate yeild to maturity

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