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Fenerbahce SK`s noncallable bonds currently sell for $920. They have a 20-year maturity, an annual coupon...

Fenerbahce SK`s noncallable bonds currently sell for $920. They have a 20-year maturity, an annual coupon of $85, and a par/face value of $1,000. What is their yield to maturity (YTM)? Hint: YTM = IRR=I/Y

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А $1,000 $85 12 Par value 13 Coupon 14 Current Price 15 Years to Maturity 16 Frequency 17 18 YTM $920.00 20 1 annual 9.40% 191000 85 12 Par value 13 Coupon 14 Current Price 15 Years to Maturity 16 Frequency 920 20 annual 17 =B16*RATE(B15*B16,B13/B16,

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