What is the yield to maturity-interest rate paid annually
Problem:
A $1,000 par bond with a 7% coupon rate and 20 years to maturity is currently selling for $718.27. If interest rate is paid annually, what is its yield to maturity?
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A $1,000 par bond with a 7% coupon rate and 20 years to maturity is currently selling for $718.27. If interest rate is paid annually, what is yield to maturity?
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