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Problem 1 2 : What is the YTM of a bond that has a current price of $ 1 1 2 8 , coupon rate

Problem

12

: What is the YTM of a bond that has a current price of $

1128,

coupon rate of

7.3 %,

1000

par value, interest paid semi

-

annually, and nine years to maturity?

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