Question
Abner Corporation's bonds mature in 15 years and pay 7 percent interest annually. If you purchase the bonds for $ 825 , what is your
Abner Corporation's bonds mature in 15 years and pay 7 percent interest annually. If you purchase the bonds for $825, what is your yield to maturity?
Your yield to maturity on the Abner bonds is ______%.(Round to two decimal places.)
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
