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22. Harvard Components, Inc. has outstanding a $1,000 par value bond, with 10 years remaining to maturity. The coupon rate is 6.00%. The bond
22. Harvard Components, Inc. has outstanding a $1,000 par value bond, with 10 years remaining to maturity. The coupon rate is 6.00%. The bond is currently selling in the market for $754.18. What is the bond's yield to maturity (YTM)? XA. XB. 4.00% 5.00% C. 8.00% D 9.00% E. 10.00% PV= Coupon x Factor As PV= 60 x 6.7446 =368,676 PV-FV Factor Az Pv = 7000 > 0.3855 PV= 385 5 -754.88 10 HO
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
