A 1000 par value bond sells for 1216 it matures in 20 years
A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. Calculate the bond's yield to maturity.
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a 1000 par value bond sells for 1216 it matures in 20 years has a 14 percent coupon pays interest semiannually and can
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