Preston Corporation has a bond outstanding with an annual interest payment of $90, a market price of $1,280, and a maturity date in 10 years Assume the par value of the bond is $1,000 Find the following (Use the approximation formula to compute the approximate yield to maturity and use the calcula...

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Preston Corporation has a bond outstanding with an annual interest payment of $90, a market price...

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Preston Corporation has a bond outstanding with an annual interest payment of ( $ 90 ), a market price of ( $ 1,280 ),

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Fundamentals of Engineering Economics

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Authors: Chan S. Park

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