Question: 8 Suppose that you are offered a 1 4 - year, 1 0 % annual coupon, $ 1 , 0 0 0 par value bond

8 Suppose that you are offered a 14-year, 10% annual coupon, $1,000 par value bond at a price of $1,500. What is the yield to maturity of the bond (5 points)? RATE

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