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18. Greenville municipal non-callable bonds currently sell for $1,165. They have 15 year maturity, an annual coupon of $95, and a par value of $1,000.
18. Greenville municipal non-callable bonds currently sell for $1,165. They have 15 year maturity, an annual coupon of $95, and a par value of $1,000. What is their yield to maturity?
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
