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XYZ Corp. has a bond issue with a $1,000 par value and a 9% coupon...

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Accounting

XYZ Corp. has a bond issue with a $1,000 par value and a 9% coupon rate. It pays interest semi-annually and has 15 years remaining to maturity. It just made a coupon payment (i.e, it has 30 coupon payments left to make). If the current price of the bond is $1050, what is the bond's yield to maturity?
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