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Homework answers / question archive / A 10% new-issued noncallable coupon bond with annual payments was purchased on the New Year's Day of 2017 and has a Par value of $1,000

A 10% new-issued noncallable coupon bond with annual payments was purchased on the New Year's Day of 2017 and has a Par value of $1,000

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A 10% new-issued noncallable coupon bond with annual payments was purchased on the New Year's Day of 2017 and has a Par value of $1,000.00 due on the New Year's Day of 2030. If the bond was first sold for $970.00, then the yield to maturity would be _____

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