A corporate bond with $1000 face value and a coupon rate of 7% matures in eight years.
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Question:
A corporate bond with $1000 face value and a coupon rate of 7% matures in eight years. The bond is now selling for $950, what is the yield to maturity on the bond?
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Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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