Question: Mining fund has purchased a bond with 8 years remaining until maturity and a $1,000 face value the bonds offer 9% coupon rate with interest
Mining fund has purchased a bond with 8 years remaining until maturity and a $1,000 face value the bonds offer 9% coupon rate with interest paid annually .the bond may called in 4 years at a call price of $1,000 .what is the bond's yield to maturity(YTM)
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