18. Bonds issued by the West Motel Chain have a par value of $1,000, are selling for...
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18. Bonds issued by the West Motel Chain have a par value of $1,000, are selling for
$1,100, and have 20 years remaining to maturity. The annual interest payment is 13.5 percent ($135). Compute the approximate yield to maturity, using Formula 10-2 on page 294.
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Related Book For 
Foundations Of Financial Management
ISBN: 9780073382388
13th Edition
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
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