Question: Consider a 5 year coupon bond with a $1,000 face value and a coupon rate of 5% per year. If the coupon is paid once
Consider a 5 year coupon bond with a $1,000 face value and a coupon rate of 5% per year. If the coupon is paid once a year, and you paid $950 to purchase the bond today, what is your Yield To Maturity?
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