It has a coupon of 10 and an 10-year maturity using annual


A bond is currently selling in the market for ?$1,064.18. It has a coupon of 10?% and? a(n) 10?-year maturity. Using annual? compounding, calculate the promised yield on this bond.

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Business Economics: It has a coupon of 10 and an 10-year maturity using annual
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