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Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 30-year
Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 30-year to maturity, carry a 11.14 percent annual coupon, and have a $1,000 par value. Blue Crab, Inc. has determined that these bonds would sell for $952 each. What is the yield to maturity for these bonds? Round the answers to two decimal places in percentage form. You should use Excel or financial calculator
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