Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,404. It has

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Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,404. It has an annual coupon rate of 13.70 percent, paid semiannually, and has 22-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?

Posted Date: May 18, 2024 10:03 AM

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Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,404. It has

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