An investor purchases a bond for $1,085. The bond has 9 years until it matures and has a coupon rate of 4.5%, paid semia

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answerhappygod
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An investor purchases a bond for $1,085. The bond has 9 years until it matures and has a coupon rate of 4.5%, paid semia

Post by answerhappygod »

An investor purchases a bond for $1,085. The bond has 9 years
until it matures and has a coupon rate of 4.5%, paid semiannually.
The investor's yield to maturity on this bond is closest to: 1.70%,
3.40%, 3.05%
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