Question: Please help I do not understand. A 30-year bond with par value $1,000 has annual coupons and sells for 1,300. The write-down in the ?rst

Please help I do not understand. A 30-year bond with par value $1,000 has annual coupons and sells for 1,300. The write-down in the ?rst year is $4.60. What is the yield to maturity on this bond? Hi...

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