Question: $377 min SA million Question 25 4 pts Your Aunt Molly has found a $1.000 par, 11.5% annust coupon bond that matures in 15 years

$377 min SA million Question 25 4 pts Your Aunt Molly

$377 min SA million Question 25 4 pts Your Aunt Molly has found a $1.000 par, 11.5% annust coupon bond that matures in 15 years which is currently selling for $1.249. It she buys this bond today, what is her expected rate of retum? Stated in another way, what is the band's expected Yield to maturity? Remember that Aunt Molly hates approximations, and will accept only correctly computed returns

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