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A bond has a percent coupon and pays interest semiannually, the face value is $1000 and the current market price is $1020.50, the bond matures in seven years. What is the yield to maturity?
Financial Management, Finance
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1. a. Explain what is meant by the term intermediation and identify and explain two types of intermediation provided by financial institutions. b. Give an example of a security issued by a financial institution and of a ...
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