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Bavarian Sausage just issued a 7-year 9% coupon bond. The face value of the bond is $1,000 and the bond makes annual coupon payments.
Bavarian Sausage just issued a 7-year 9% coupon bond. The face value of the bond is $1,000 and the bond makes annual coupon payments. If the bond is trading at $982.54, what is the bond's yield to maturity?(Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%) Your Answer:
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Corporate Finance
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
3rd Edition
0077173635, 9780077173630
