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Footsteps Co. has a bond outstanding with a coupon rate of 5.6 percent and annual payments. The bond currently sells for $923.84, matures in 12
Footsteps Co. has a bond outstanding with a coupon rate of 5.6 percent and annual payments. The bond currently sells for $923.84, matures in 12 years, and has a par value of $1,000. What is the YTM of the bond?
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