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The $1000 face value bonds of galaxies international have coupon of 6.45 percent and pay interest semiannually. Currently the bonds are quoted at 103.4 and
The $1000 face value bonds of galaxies international have coupon of 6.45 percent and pay interest semiannually. Currently the bonds are quoted at 103.4 and mature in 4 years. what is the yeild to maturity
5.49 is the answer, just need to know the step on how to do it using an financial calculator.
Thanks in advance!
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