Question: Practice Problems for Final Exam 1. A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value

Practice Problems for Final Exam 1. A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value of $1,000, and currently sells for $985. What is the bond's yield-to maturity

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