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Solve this on more not on excel in very easy way and also tell the formula YIELD TO MATUAITY AND FUTURE PRICE A bond has
Solve this on more not on excel in very easy way and also tell the formula
YIELD TO MATUAITY AND FUTURE PRICE A bond has a 51,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. a. What is its yield to maturity (YTM)? b. Assume that the yield to maturity remsins constant for the next 3 years. What will the price be 3 years from todayStep by Step Solution
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