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Suppose Ana pays $966, at issuance, to purchase a 10 -year bond with a par value of $1,000 and a 9 percent coupon and holds
Suppose Ana pays $966, at issuance, to purchase a 10 -year bond with a par value of $1,000 and a 9 percent coupon and holds the bond to maturity. What is her yield to maturity? 8.87 percent 9.06 percent 9.54 percent 10.49 percent
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