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Show steps please A bond with a face value of $1000 makes quarterly payments of $20. The bond is currently selling for $1048.02 and has

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A bond with a face value of $1000 makes quarterly payments of $20. The bond is currently selling for $1048.02 and has 10 years remaining until maturity. What is the bond's official yield-to-maturity? Write your answer out to four decimals - for example, write 6.18% as .0618. Answer: X See the Practice Problems; I work out a very similar example there. The correct answer is: 0.0732

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