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Consider a coupon bond with $1000 face value, 10% coupon rate, 5 years of maturity selling for $700. The yield to maturity is
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Consider a coupon bond with $1000 face value, 10% coupon rate, 5 years of maturity selling for $700. The yield to maturity is

User Lichenbo
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Answer:

The approximate yield to maturity is 9.43%.

Step-by-step explanation:

User Teri
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