Question: Consider a bond with a face value of $ 2 , 0 0 0 that pays a coupon of $ 1 5 0 for 1

Consider a bond with a face value of $2,000 that pays a coupon of $150 for 10 years. Suppose the bond is purchased at $500, and can be resold next year for $400. What is the yield to maturity of the bond?

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