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What is the yield to maturity of a 21-year bond that pays a coupon rate of 9.82 percent per year, has a $1,000 par value,
What is the yield to maturity of a 21-year bond that pays a coupon rate of 9.82 percent per year, has a $1,000 par value, and is currently priced at $905.51? Assume annual coupon payments.
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
