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The market price of a semi-annual pay bond is $963.46. It has 19.00 years to maturity and a coupon rate of 8.00%. Par value is
The market price of a semi-annual pay bond is $963.46. It has 19.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the yield to maturity?
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
