A bond has a coupon rate of 8% pays interest semiannually sells for $9.60 and matures in

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A bond has a coupon rate of 8% pays interest semiannually sells for $9.60 and matures in eight years what is its yield to maturity? The answer is 8.70%, how do you arrive at this answer?

Posted Date: May 18, 2024 01:03 PM

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A bond has a coupon rate of 8% pays interest semiannually sells for $9.60 and matures in

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