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1 A 9% coupon rate bond makes semi-annual interest rate payments. Par value is $1,000. The bond matures in 10 years. The current price
1 A 9% coupon rate bond makes semi-annual interest rate payments. Par value is $1,000. The bond matures in 10 years. The current price of the bond is 1.145.25. Calculate the bonds YTM. a. 7.050% b. 6.950% c. 6.830% d. 6.500% Yield to Maturity
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
