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

(a) Using an approximate formula, calculate the yield tomaturity (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 annualcoupons ar 2 answers

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