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Calculate the yield-to- maturity in November

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Question - In November 2010, Hammer Technologies issued a series of 7%, 30-year semi-annual coupon bonds. Interest rates decreased in subsequent years and by November 2020, the price of the bonds had increased to $1,140. Calculate the yield-to- maturity (YTM) in November, 2020?

Reference no: EM133062832

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