Suppose that you purchase an investment at a price of $456. If this investment provides a cash
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Suppose that you purchase an investment at a price of $456. If this investment provides a cash benefit of $850 at the end of five years and the interest rate is compounded monthly, find the yield to maturity. Make sure to express your answers as a percentage. Make sure to round your answers to the nearest 100th decimal points. For example, write 15.67 for 15.67% or 0.1567.
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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