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Ajax Corporation issued 10,000 units of $1,000 face value bonds that mature in 20 years and have a 4% coupon rate that is paid semiannually.
Ajax Corporation issued 10,000 units of $1,000 face value bonds that mature in 20 years and have a 4% coupon rate that is paid semiannually. If the bonds were sold at 103.5% of their face value, calculate the yield to maturity on the date of the issue. 3.64% 3.75% 3.71% 3.58% 3.50%
Ajax Corporation issued 10,000 units of $1,000 face value bonds that mature in 20 years and have a 4% coupon rate that is paid semiannually. If the bonds were sold at 103.5% of their face value, calculate the yield to maturity on the date of the issue.
3.64%
3.75%
3.71%
3.58%
3.50%
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