Business, 07.04.2020 23:24 hardwick744

James buys a newly issued, $1,000 face value, 10-year maturity bond with a coupon rate of 12% (coupons are semi-annual) at $1,000. What is the current yield to maturity (YTM, nominal and semi-annually compounded) of this bond

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James buys a newly issued, $1,000 face value, 10-year maturity bond with a coupon rate of 12% (coupo...

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