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QUESTION
D Corporation has a bond outstanding with a coupon rate of 9 percent and a $1000 par value. The bond has 13 years left to maturity. The bond is...
D Corporation has a bond outstanding with a coupon rate of 9 percent and a $1000 par value. The bond has 13 years left to maturity. The bond is selling for $1018. What is the yield to maturity for this bond?
