Cipo Inc. recently issued noncallable bonds that mature in 12 years. They have a par...
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Cipo Inc. recently issued noncallable bonds that mature in 12 years. They have a par value of $1,000 and currently sell at $875.60. The coupon rate is annual coupon of 4.7%. What is this bond's yield to maturity? Show work and two decimals
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