A coupon bond costs $100, then pays $10 interest each year for 10 years, and pays back

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A coupon bond costs $100, then pays $10 interest each year for 10 years, and pays back its $100 principal in 10 years. What is the bond’s YTM?

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Posted Date: Jun 15, 2022 01:30 AM

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A coupon bond costs $100, then pays $10 interest each year for 10 years, and pays back

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Answer is yield 10 When bond ... View the full answer

Economics Principles and Policy

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