Question
A company has bonds on the market with 12 years to maturity, a par value of $1000, a coupon rate of 8% and current price
A company has bonds on the market with 12 years to maturity, a par value of $1000, a coupon rate of 8% and current price of $750. The bond make semi annual payment. What is the yield to maturity on these bonds
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Auditing
Authors: Thomas D. Hubbard, J. R. Johnson, Steve Johnson, Joel D. Hubbard
6th Edition
0873932609, 9780873932608
