A $1,000 face value bond is currently sold for $930. If it has 5 years...
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Finance
A $1,000 face value bond is currently sold for $930. If it has 5 years until the maturity and pays 6% coupon annually, what is the yield-to-maturity of the bond? Round to the nearest hundredth percent. Do not include a percent sign in your answer. (i.e. If your answer is 4.32%, then type 4.32 without a % sign)
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