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What is the yield to maturity of the bond

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Reference no: EM132490681

Question 1: A bond currently trades at P975 on the secondary market. The bond has 10 years until maturity and pays an annual coupon at 9% of face value. The face value of the bond is 1,000. What is the yield to maturity of this bond? (Give only range)

Question 2: does "give only range" mean you don't have to use interpolation anymore?

Reference no: EM132490681

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