Your broker has offered to sell you a bond with a maturity of 4 years, a face

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Your broker has offered to sell you a bond with a maturity of 4 years, a face value of $100, and that pays annual coupons with a coupon rate of 4%,. The current price of the bond is $98.

What is the the yield-to-maturity of this bond?

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Mar 06, 2023 12:05 AM

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Your broker has offered to sell you a bond with a maturity of 4 years, a face

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Principles of Finance

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