A bond sells for 98545 and has a coupon rate of 650 percent


A bond sells for $985.45 and has a coupon rate of 6.50 percent. If the bond has 31 years until maturity, what is the yield to maturity of the bond?

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Financial Management: A bond sells for 98545 and has a coupon rate of 650 percent
Reference No:- TGS02161028

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