Question: Question 2 A firm issues a bond tod maturity. An investor purchases the bond for $1,000. day with a $1,000 face value, an 8% coupon

 Question 2 A firm issues a bond tod maturity. An investor
purchases the bond for $1,000. day with a $1,000 face value, an

Question 2 A firm issues a bond tod maturity. An investor purchases the bond for $1,000. day with a $1,000 face value, an 8% coupon interest rate, and a 25-year (2.1) What is the yield to maturity (YTM)? Explain. (6 points)

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