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You buy a(n) 5.7% coupon, 6-year maturity bond for $885.13. A year later, the bond price is $791.44. a. What is the new yield to
| You buy a(n) 5.7% coupon, 6-year maturity bond for $885.13. A year later, the bond price is $791.44. |
| a. | What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
