Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.9 percent. The bond sells for $968.49 and matures in 23 years. The par value is $1,000. What is the YTM of the bond?
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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.9 percent. The bond sells for $968.49 and matures in 23 years. The par value is $1,000. What is the YTM of the bond?
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