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QUESTION
What is the yield to maturity of a 21-year bond that pays a coupon rate of 9.82 percent per year, has a $1,000 par value, and is currently priced at
What is the yield to maturity of a 21-year bond that pays a coupon rate of 9.82 percent per year, has a $1,000 par value, and is currently priced at $905.51? Assume annual coupon payments.
