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The bond shown in the following table pays interest annually. Par value Coupon interest rate Years to maturity Current value $100 8% 6 $80 Calculate
The
bond shown in the following table pays interest
annually.
| Par value | Coupon interest rate | Years to maturity | Current value |
|
| $100 | 8% | 6 | $80 |
Calculate the yield to maturity
(YTM)
for the bond.
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