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Balphabet Inc. plans to issue a $1,000 par, semi-annual pay bond with 10 years to maturity and a coupon rate of 8.00%. The company expects
Balphabet Inc. plans to issue a $1,000 par, semi-annual pay bond with 10 years to maturity and a coupon rate of 8.00%. The company expects the bonds to sell for $970.00. What is the YTM of the bond? 8.450% None of the above 11.014% 10.492% 9.873%
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
8th Edition
0077261453, 978-0077261450
