Question: ( 2 0 1 0 - 3 ) 1 8 . Bonds issued by the Coleman Manufacturing Company have a par value of $ 1

(2010-3)
18. Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is also the amount of principal to be paid at maturity. The bonds are currently selling for $690. They have 10 years remaining to maturity. The annual interest payment is 13 percent ($130). Compute the yield to maturity.
(2010-3) 18. Bonds issued by the Coleman Manufacturing Company have a

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