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Belmont Abbey holds a 10-year bond that has a 17 percent coupon rate and a marginal tax rate of 28 percent. It is currently selling
Belmont Abbey holds a 10-year bond that has a 17 percent coupon rate and a marginal tax rate of 28 percent. It is currently selling for $1,000, which is the bond's face value. If interest is paid semiannually, the bond's yield to maturity is:
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
