Business, 24.02.2020 19:55 rsinchevici7843

A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon and sells for $1,080. What is its yield to maturity (YTM)? Round your answer to two decimal places.

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A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon and sells for $1,080. Wh...

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