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15. Trickle Corporation's 15 percent coupon rate, semiannual payment, $1,000 par value bonds which mature in 18 years. The bonds currently sell for $1,230.51
15. Trickle Corporation's 15 percent coupon rate, semiannual payment, $1,000 par value bonds which mature in 18 years. The bonds currently sell for $1,230.51 in the market. What is the bond Yield-to-Maturity (YTM) ? 6.78% 5.94% 11.87% 13.56%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
