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7 . Kahiki s Foods Inc. corporate bonds have 1 0 years remaining to maturity. The bonds have a face value of $ 1 ,
Kahikis Foods Inc. corporate bonds have years remaining to maturity. The bonds have a face value of $ and a coupon rate of The company pays $ interest per bond annually. The present value of the bond is $ The bond is a callable bond. Calculate the yield to maturity of the bond note: PV is negative because it is a cash outflow, ie it costs $ to purchase the bond
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