Maxim paid $5,162.94 for a $5,000 face value bond bearing interest at 6.2% payable semiannually. The bond
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Maxim paid $5,162.94 for a $5,000 face value bond bearing interest at 6.2% payable semiannually. The bond has 8 years remaining to maturity. What is the bond's yield to maturity? (Round your final percentage answer to 2 decimal places.)
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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