Business, 18.03.2021 01:10, manny2275

An investor purchased a "par bond" for $300 with the principal $300. Over n = 5 years the bond will pay 8% coupon annually. Find the IRR of the cash flow stream (also called Yield to Maturity).

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An investor purchased a "par bond" for $300 with the principal $300. Over n = 5 years the bond will...