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2. The King Hotels has 8.4 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell
2. The King Hotels has 8.4 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for $1,070. What is the YTM on these bonds?
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
