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QUESTION
A bond currently sells for $887 even though it has a par of $1,000. It was issued one year ago and had a maturity of 10 years. The coupon rate is 7%...
A bond currently sells for $887 even though it has a par of $1,000. It was issued one year ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semiannually. What is its YTM?
