Question
Aspen Company's non-callable bonds currently sell for $905. They have a 15-year maturity, an annual coupon of $70, and a par value of $1,000.
Aspen Company's non-callable bonds currently sell for $905. They have a 15-year maturity, an annual coupon of $70, and a par value of $1,000. What is their yield to maturity? Your answer should be between 6.65 and 8.80, rounded to 2 decimal places, with no special characters.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
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