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There is a corporate bond in the market that is selling for $1,245.43 each, stated rate of interest of 9.92% with a maturity of 3
There is a corporate bond in the market that is selling for $1,245.43 each, stated rate of interest of 9.92% with a maturity of 3 years. What is the yield-to-maturity (YTM) of this bond? (I would like to figure out how to solve this on my ti-84 calculator if possible.)
a. 1.52%
b. 3.04%
c. 0.38%
d.0.76%
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