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What Is the Approximate Yield to Maturity of an 8

question 29

Short Answer

What is the approximate yield to maturity of an 8% coupon bond, with a par value of $1,000? The bond is currently selling for $920 and has five years to maturity.


Definitions:

Eurodollar Deposits

U.S. dollars deposited in banks outside the United States, often used in international transactions.

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