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You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond matures
You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond matures in 11 years. What is the yield to maturity?
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Quantitative Trading
Authors: Ernest P. Chan
2nd Edition
1119800064, 978-1119800064
