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The bond has a 6 percent coupon paid semiannually and a 20

A corporate bond with rating AA and face value of $1000 is selling at a price of $893.22. The bond has a 6 percent coupon paid semiannually and a 20 year term to maturity. What is the yield to maturity on the bond? Hint: Use the 'Rate' formula in Excel or a nancial calculator.

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Financial Management: The bond has a 6 percent coupon paid semiannually and a 20

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Financial Management: The bond has a 6 percent coupon paid semiannually and a 20

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