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Business, 31.03.2020 03:40 rubyhart522

A firm issues a bond today with a face value of $1,000, a 6.25% coupon rate, annual coupon payments, and a term of 15 years. An investor purchases the bond for $1,249. What is the yield to maturity?

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A firm issues a bond today with a face value of $1,000, a 6.25% coupon rate, annual coupon payments,...
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