What Is Mystery ?????
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A mystery is simply an unsolved question and the attempt to answer it. In literature, this mystery is often a crime, but anything unexplainable can inspire a great mystery novel. Like all genre fiction, Mystery follows a formula, one that readers expect.
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A corporate bond pays 6% of its face value once per year. If this $10,000 10-year bond sells now for $10,450, what yield will be earned on this bond? Assume the bond will be redeemed at the end of 10 years for $10,000. The yield to maturity is %. (Round to two decimal places.)
(don't use excel and please do with clear solution)
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