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    valuation problem

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    A $1,000 par bond with a 7% coupon rate and 20 years to maturity is currently selling for $718.27. If interest rate is paid annually, what is its yield to maturity?

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    Solution Preview

    Hi There,
    <br>Please see the attached Excel document. Note the highlighted fields in the spreadsheet. The Yield is ...

    Solution Summary

    This problem involves the fundamentals of valuation