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TJW Co. has 7% coupon bonds on the market that mature in 12 years. The bonds make annual payments and have a par value of
TJW Co. has 7% coupon bonds on the market that mature in 12 years. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $961.50, what is the YTM?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
