An investor wants to determine the yield to maturity (YTM) of a bond that has a face
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An investor wants to determine the yield to maturity (YTM) of a bond that has a face value of $1000, a coupon rate of 7%, and is selling at a price of $950. How can the YTM be calculated?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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