An 85 percent coupon bond pays interest annually and has 11
An 8.5 percent coupon bond pays interest annually and has 11 years to maturity. The bond has a face value of $1,000 and a market value of $878.50. What is the yield to maturity? [Use MS-Excel functions if you do not have the financial calculator.]
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an 85 percent coupon bond pays interest annually and has 11 years to maturity the bond has a face value of 1000 and a
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