ewey, Cheatham & Howe, a regional brokerage house, has an issue of $1,000 par value bonds with 18 years left until maturity. The coupon rate is 7.7%, with semi-annual payments. If the current price of the bond is $1,175, what is the bond’s YTM?
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Dewey, Cheatham & Howe, a regional brokerage house, has an issue of $1,000 par
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