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How do find what is the bond yield to maturity

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Reference no: EM132710995

Problem 1: 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.

Reference no: EM132710995

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