You just purchased a bond which matures in N years. The bond has a face...
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You just purchased a bond which matures in N years. The bond has a face value of $1000, and has the coupon rate noted with annual coupon payments. Givent the current yield below, what is the bond's yield to maturity?
| m = 1 | Current Yield = 8.07% | M = $1000 |
| n = 14 | Coupon = 8.00% |
YTM = ?
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