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    Bond's Yield to Maturity and Annual Coupon Payments

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    A bond with a $1,000 face value and 3 years remaining to maturity. It currently sells for $949.37 and makes annual coupon payments at a rate of 7% (that is, it pays $70 in interest each year). The first interest payment is due one year from today. What is this bond's yield to maturity?

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    https://brainmass.com/business/bond-valuation/bonds-yield-maturity-annual-coupon-payments-87725

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