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The market price of a bond is R1 436,82, it has 12 years tomaturity, a R1 000 par value, and pays an annual coupon of

The market price of a bond is R1 436,82, it has 12 years tomaturity, a R1 000 par value, and pays an annual coupon of R120 insemi-annual instalments. What is the yield to maturity? 2 answers

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