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use interest factor of the future value of a dollar (appendix A in the problem) Problem 16-04 A $1,000 bond has a 5 percent coupon

image text in transcribeduse interest factor of the future value of a dollar (appendix A in the problem)

Problem 16-04 A $1,000 bond has a 5 percent coupon and currently sells for $890. The bond matures after four years. What is the bond's anticipated yield? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number

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