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Suppose that you have a bond that has a par value of $1,000 and a coupon interest rate of 9%. Its current price is $950
Suppose that you have a bond that has a par value of $1,000 and a coupon interest rate of 9%. Its current price is $950 and it will mature in 7 years. What is the approximate yield to maturity? (use calculator)
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1st Edition
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