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Problem 23 Intro IBM just issued a bond with an annual coupon of 8.3% and a face value of $1,000 that matures in 20 years. Th
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Answer #1

Annual Coupon =8.3%*1000 =83
Face Value =1000
Call Price =1050
Number of years =10
YTC using financial calculator
N=10;PMT=83;PV=-1489.31;FV=1050; CPT I/Y =0.0300

YTC =0.0300

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