Bonds issued by the Tyler Food Corporation have a par value of $1,000, are Approximate yield selling
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Bonds issued by the Tyler Food Corporation have a par value of $1,000, are Approximate yield selling for $1,080, and have 20 years remaining to maturity. The annual interest —_t o maturity payment is 12.5 percent ($125).
Compute the approximate yield to maturity, using Formula 10-2.
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Saud Ur Rehman
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Related Book For 
Foundations Of Financial Management
ISBN: 9780073295817
12th Edition
Authors: Stanley B Block, Geoffrey A Hirt
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