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Seven years ago, the Goodyear Tire & Rubber Company issued a series of 20-year coupon bonds. These bonds have a coupon rate of 5.125% paid
Seven years ago, the Goodyear Tire & Rubber Company issued a series of 20-year coupon bonds. These bonds have a coupon rate of 5.125% paid semiannually, a fr
were originally issued at par.
Le of $1,000, and
An investor recently purchased 100 of these bonds for a total cost of $84,697 ($846.97 per bond). What is the implied yield-to-maturity of these bonds based upon this transaction price?
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