A bond with 10 years left to maturity currently sells for 105% of par value. If the
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A bond with 10 years left to maturity currently sells for 105% of par value. If the bond makes a $50 annual coupon payment, then the bond must have a YTM less than what percentage rate?
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Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date: