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Smith bonds are currently trading at $ 938.40 The bonds have a face value of $ 1000 a coupon rate of 3 % with coupons
Smith bonds are currently trading at $938.40
The bonds have a face value of $1000 a coupon rate of
3% with coupons paidannually, and they mature in 10 years. What is the yield to maturity of the bonds?
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