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  3. a bond is trading at $890 in the secondary market.

A bond is trading at $890 in the secondary market. its coupon rate is 3%,...

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Finance

A bond is trading at $890 in the secondary market. its coupon rate is 3%, paid semi-annually, and it matures in 18 years.

To find the yield-to-maturity, what value would you use for n?

Enter the answer rounded properly to the nearest whole number. show work

Answer & Explanation Solved by verified expert
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