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adams food service has issued 7 3/8 bond that will mature on July 15, 2042. The bonds are callable at $1037.08 on July, 15 2017.
adams food service has issued 7 3/8 bond that will mature on July 15, 2042. The bonds are callable at $1037.08 on July, 15 2017. Assume that interest is paid and compounded annually. Determine the yield to maturity (to the nearest 10th of 1 percent) if an investor purchased a $1,000 denomination bond for $900 on July 15, 2010.
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