Gwenyth just purchased a bond for $1,230 that has a maturity of 19 years and...
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Accounting
Gwenyth just purchased a bond for $1,230 that has a maturity of 19 years and a coupon interest rate of 5.00%, paid annually. What is the yield-to-maturity (YTM) of the $1,000 face value bond that she purchased?
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