The Petit Chef Co. has 11 percent coupon bonds on the market with nine years left to
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Question:
The Petit Chef Co. has 11 percent coupon bonds on the market with nine years left to maturity. The bonds make semi-annual payments and have a par value of $1,000. If the bonds currently sell for $1,139.59, what is the YTM?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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