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Suppose a 10-year bond with face value of $1000 and semi-annual coupons of $50, trades for $900. What is the implied market rate (yield-to-maturity)? (Answer:

Suppose a 10-year bond with face value of $1000 and semi-annual coupons of $50, trades for $900. What is the implied market rate (yield-to-maturity)? (Answer: near 12%)

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