Question
A company issued 20-year bonds at an annual coupon rate of 12%. The face value of the bonds is $1000. The bonds make annual payments,
A company issued 20-year bonds at an annual coupon rate of 12%. The face value of the bonds is $1000. The bonds make annual payments, and the current bond price is $1,200. What is the bonds annual yield?
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
