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Your purchased a bond that matures in 7 years. The bond has a face value of $1000 and an 9 percent annual coupon. The bond
Your purchased a bond that matures in 7 years. The bond has a face value of $1000 and an 9 percent annual coupon. The bond has a current yield of 10.32%. What is the bond's yield to maturity? Please provide the steps below for partial credit
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