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BCC has bonds that trade frequently, pay a 8.5 percent coupon rate, and mature in Year 5. The bonds mature on March 1 in the maturity year. Suppose an investor bought this bond on March 1, Year 1, and assume interest is paid annually on March 1. Calculate the yield-to-maturity assuming the investor bought the bond at the following price, as quoted in the financial press: 100, 95, 111.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92849369

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