What is the ytm of a level-coupon bond whose price is equal

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What is the YTM of a level-coupon bond whose price is equal to the principal paid at maturity? For example, take a 5-year bond that costs $1,000, pays 5% coupon ($50 per year) for 4 years, and finally repays $1,050 in principal and interest in year 5.

Reference no: EM13481238

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