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The current market price of Smith Corporation's 10-year bonds is $1,297.58. A 10 percent coupon interest rate is paid semiannually, and the par value is equal to $1,000. What is the yield to maturity (YTM), (stated on a simple, or annual, basis) if the bonds mature 10 years from today?
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The current market price of Smith Corporation's 10-year bonds is $1,297.58. A 10 percent coupon inte...
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