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    bond yield to maturity

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    A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value of $1,000, and currently sells for $985. What is the bond's yield to maturity?

    © BrainMass Inc. brainmass.com June 3, 2020, 9:56 pm ad1c9bdddf
    https://brainmass.com/business/bond-valuation/206410
    $2.19

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