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Find the exact yield to maturity

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Reston Corporation has a bond outstanding with an annual interest payment of $110, a market price of $1,290, and a maturity date in 5 years. Assume the par value of the bond is $1,000.

Problem 1: Find the following:

1. Coupon rate %
2. Current yield %
3. Approximate yield to maturity %
4. Exact yield to maturity %

Reference no: EM132933934

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