Jack bought a 10-year bond that pays 8.25 percent annually for $977.14. The face value is $1,000.

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Jack bought a 10-year bond that pays 8.25 percent annually for $977.14. The face value is $1,000. What is the yield to maturity on this bond?

Posted Date: May 18, 2024 07:04 PM

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Jack bought a 10-year bond that pays 8.25 percent annually for $977.14. The face value is $1,000.

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