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Suppose a bond with a 4.5% coupon rate and semiannual coupons, has a face value of $1,000, 20 years to maturity, and is selling for
Suppose a bond with a 4.5% coupon rate and semiannual coupons, has a face value of $1,000, 20 years to maturity, and is selling for $685.82.
What is the yield to maturity?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
