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A bond market price is $875. It has a $1000 par value, will mature in 12 years, and has a coupon interest rate of 9%
A bond market price is $875. It has a $1000 par value, will mature in 12 years, and has a coupon interest rate of 9% annual interest, but makes its interest payments semiannually.
What is the Bond's yield to maturity if it matures in 12 years?
What happens to the Bond's yield to maturity if the bond matures in 24 years?
What if it matures in 6 years?
(Round to two decimal places.)
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
