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A corporation issues a bond today with a 51250 face value, maturity in 20 years, and a 11% coupon interest rate interest is paid any.

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A corporation issues a bond today with a 51250 face value, maturity in 20 years, and a 11% coupon interest rate interest is paid any. An investor purchases the tend to 51250 What is the old to maturity Answer in the format Answer as a percentage but without the sign Example 00651 s entered as 851 Do not found derdiary calculations Use the full precnon of your calculator or Excel . Round properly to two decimal places Example 157835 would be entered 15 78 Example 055555 would be entered 5 58

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