Assume a bond sells at 97.75 ( pays 8% interest). The total annual interest is $80 per
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Assume a bond sells at 97.75 ( pays 8% interest). The total annual interest is $80 per bond. the total dollar cost for one bond is $977.50. calculate the bond yield to the nearest tenth percent.
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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