Question: A 1 0 - year bond with an 8 . 4 0 % annual coupon rate ( paid annually ) trades at a price of

A 10-year bond with an 8.40% annual coupon rate (paid annually) trades at a price of $1,120. What is the bond's yield to maturity?
A 10-year bond with an 8.40% annual coupon rate (paid annually)

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