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The market price of a bond is $1236.94, it has a 14 year maturity, a $1,000 face value and pays an annual coupon of $100.
The market price of a bond is $1236.94, it has a 14 year maturity, a $1,000 face value and pays an annual coupon of $100. What is the yield to maturity?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
