Question: BASIC BCC has issued 8 % percent debentures that will mature on July 1 5 , 2 0 3 6 . Assume that interest is

BASIC BCC has issued 8% percent debentures that will mature on July 15,2036.
Assume that interest is paid and compounded annually. If an investor purchased a $1,000 denomination bond for $1,025 on July 15,2016, determine the bond's yield-to-maturity Explain why an investor would be willing to pay $1,025 for a bond that is going to be worth only $1,000 at maturity.
BASIC BCC has issued 8 % percent debentures that

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