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GE issued a twenty-year low coupon bond 5 years ago. The coupon rate is 0.5%, paid semi-annually and the next payment is

Posted: Thu May 19, 2022 12:31 am
by answerhappygod
GE issued a twenty-year low coupon bond 5 years ago. The coupon
rate is 0.5%, paid semi-annually and the next payment is due in 6
months. The bond's price is quoted at 76.8. What is the yield to
maturity implied in the current price?