Question
Adams Food Service has issued 7 percent bonds that mature on July 15, 2046. The bonds are callable at $1,037.08 on July 15, 2021. Assume
Adams Food Service has issued 7 percent bonds that mature on July 15, 2046. The bonds are callable at $1,037.08 on July 15, 2021. 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, 2014.
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Climate Finance
Authors: Richard B. Stewart, Benedict Kingsbury, Bryce Rudyk
1st Edition
081474138X, 978-0814741382
