Question
A(n) 18-year bond for Rusk Corporation has a market price of $1,025 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 $1,025 and a par value of $1,000. If the bond has an annual interest rate of 5 percent, but pays interest semiannually, what is the bond's yield to maturity?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
