Question: Using the formula for YTM (yield to maturity), what is the rate of return for a bond issued by the Eastern Development Corporation of New

Using the formula for YTM (yield to maturity), what is the rate of return for a bond issued by the Eastern Development Corporation of New England with a face value of $10,000 purchased for $14,000 that pays a 6.4% annual per year in dividends. The bond will be held for 8 years before it is redeemed.

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