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Posted on Sep 04, 2024

Suppose that you are offered a 1 4 - year, 1 0 % annual coupon, $ 1 , 0 0 0 face value bond at

Suppose that you are offered a

14 -

year,

10 %

annual coupon, $

1, 000

face value bond at a price of $

1, 494.93 .

What is the YTM of the bond?

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