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You just purchased a bond which matures in N years. The bond has a face...

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Accounting

You just purchased a bond which matures in N years. The bond has a face value of $1000, and has the coupon rate noted with annual coupon payments. Givent the current yield below, what is the bond's yield to maturity?

m = 1 Current Yield = 8.07% M = $1000
n = 14 Coupon = 8.00%

YTM = ?

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