It has a bond with a par value of $1,000 and a coupon rate of 8.75% (semi-annual

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It has a bond with a par value of $1,000 and a coupon rate of 8.75% (semi-annual coupon). You know it has a current yield of 8.75%. What is its yield to maturity?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Nov 20, 2023 02:12 AM

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It has a bond with a par value of $1,000 and a coupon rate of 8.75% (semi-annual

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Foundations of Financial Management

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