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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 12
What is the yield to maturity on a simple loan for $1 million that requires a repayment of $2 million in five years' time?
Explanation
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The formula for the present value of loa...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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