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$1000 par value bond, paying 11% annual coupon rate, with 15 years maturity issued 4 years ago. Calculate the yield to maturity of the bond assuming

March 26, 2024

$1000 par value bond, paying 11% annual coupon rate, with 15 years maturity issued 4 years ago. Calculate the yield to maturity of the bond assuming 8% market interest rate.

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