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Suppose Poogle, Inc. wishes to issue a bond with a maturity of 1 3 years, a face value of $ 1 0 0 , 0
Suppose Poogle, Inc. wishes to issue a bond with a maturity of years, a face value of $ and an annual coupon rate of to raise $ What is the yield to maturity YTM on this bond? Note that the annual coupon rate is the annual coupon as a percentage of face value, but the coupon is paid every six months, and the YTM like all interest rates, is reported on an annualized basis. Allow two decimals in the percentage but do not enter the sign.
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