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QUESTION
A 10-year, $1,000 face value bond has an 8.5% annual coupon. The bond has a current yield of 8%. What is the bond's yield to maturity?
A 10-year, $1,000 face value bond has an 8.5% annual coupon. The bond has a current yield of 8%. What is the bond’s yield to maturity?"
A 10-year, $1,000 face value bond has an 8.5% annual coupon. The bond has a currentyield of 8%. What is the bond’s yield to maturity?Solution:Face value = $1,000Coupon rate = 8.5%Annual...