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A company has 8 percent coupon bonds on the market with 10 years left to maturity. Coupons are paid annually. If the bond currently sells
A company has 8 percent coupon bonds on the market with 10 years left to maturity. Coupons are paid annually. If the bond currently sells for $1,050, what is its yield to maturity?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
