Question
AbnerCorporation's bonds mature in 24 years and pay 11 percent interest annually. If you purchase the bonds for 1,175 , what is your yield tomaturity?
AbnerCorporation's bonds mature in 24 years and pay 11 percent interest annually. If you purchase the bonds for 1,175, what is your yield tomaturity?
Your yield to maturity on the Abner bonds is __%. (Round to two decimalplaces.)
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
