Question: 7 Problem 10-18 Yield to maturity-calculator or Excel required (LO10-3] 10 points Bonds issued by the Coleman Manufacturing Company have a par value of $1,000,

7 Problem 10-18 Yield to maturity-calculator or Excel required (LO10-3] 10

7 Problem 10-18 Yield to maturity-calculator or Excel required (LO10-3] 10 points 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 $700. They have 10 years remaining to maturity. The annual interest payment is 11 percent ($110) Compute the yield to maturity. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places) Answer is complete but not entirely correct. Yield to maturity 1.459.93 X % w

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