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The market price of a bond is $1,236.94, it has 14 years to maturity, a $1,000 face value and pays an annual coupon of $100.
The market price of a bond is $1,236.94, it has 14 years to maturity, a $1,000 face value and pays an annual coupon of $100. What is the yield to maturity?
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
