Question: (a) Using an approximate formula, calculate the yield to maturity (YTM): The price of a bond is $920 with a face value of $1000 which

(a) Using an approximate formula, calculate the yield to maturity (YTM): The price of a bond is $920 with a face value of $1000 which is the face value of many bonds. Assume that the annual coupons are $100, which is a 10% coupon rate, and that there are 10 years remaining until maturity

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