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A Macrohard Corp. bond carries an 8 percent coupon, paid semiannually. The par value is $1,000 and the bond matures in six years. If the
- A Macrohard Corp. bond carries an 8 percent coupon, paid semiannually. The par value is $1,000 and the bond matures in six years. If the bond currently sells for $911.37, what is its yield to maturity? What is the effective annual yield?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
