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10. A firm has an issue of $1000 par value bonds with an 8 percent coupon interest rate. The issue pays interest annually and has
10. A firm has an issue of $1000 par value bonds with an 8 percent coupon interest rate. The issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 10 percent, the firm's bond will sell for today. 11. What is the approximate yield to maturity for a S1000 par value bond selling for $900 that matures in 14 years and pays 10 percent interest annually
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