What is the YTM of a $1,000 par value bond with a 10% coupon rate,...
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What is the YTM of a $1,000 par value bond with a 10% coupon rate, semi-annual coupon payments, and 9 years to maturity if the bond currently sells for $900? Round to the nearest hundredth percent. Do not include a percent sign in your answer. (.e. If your answer is 1.32%, then type 4.32 without a % sign)
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