Question
A(n) 18-year bond for Rusk Corporation has a market price of $750 and a par value of $1,000. If the bond has an annual interest
A(n) 18-year bond for Rusk Corporation has a market price of $750 and a par value of $1,000. If the bond has an annual interest rate of 9 percent, but pays interest semiannually, what is the bond's yield to maturity?
The bond's yield to maturity is %.(Round to two decimal places.)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
