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Suppose a corporate bond has a maturity of ten years, par value of $1,000, and an annual coupon rate of 6.5% (paid on an annual
Suppose a corporate bond has a maturity of ten years, par value of $1,000, and an annual coupon rate of 6.5% (paid on an annual basis). The price of this bond is $1,124.15. The yield- to-maturity (YTM) is greater thai 6.5% o less than 6.5% equal to 6.5% Cannot be determined from
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