Find the bond yield to maturity
You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and has an 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Round your answer to two decimal places.
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The product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries." why is the price of apples = p cherries? isn't p = price?
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