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27. MX Corporations bonds have 12 years remaining to maturity. Interes tis paid semi-annually, the bonds have a 1000 Eur par value, and the coupon
27. MX Corporations bonds have 12 years remaining to maturity. Interes tis paid semi-annually, the bonds have a 1000 Eur par value, and the coupon interest rate is 10%. The bonds sell at a price of 875 Eur. What is their yield to maturity? Use excel please
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
