You own a 12-year bond that pays 8.5 percent interest annually. The par value of the bond

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You own a 12-year bond that pays 8.5 percent interest annually. The par value of the bond is $$1,000,$ and the market price of the bond is $$915.$ What is the yield to maturity of the bond?

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Foundations Of Finance

ISBN: 9781292318738

10th Global Edition

Authors: Arthur Keown, John Martin, J. Petty

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Question Posted: Apr 15, 2024 03:00 AM

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You own a 12-year bond that pays 8.5 percent interest annually. The par value of the bond

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Foundations Of Finance

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