Question
Bonds issued by Realogic Company have a par value of $1,000. The bonds are currently priced at $650. The bonds have 10 years remaining until
Bonds issued by Realogic Company have a par value of $1,000. The bonds are currently priced at $650. The bonds have 10 years remaining until they mature. The annual interest payment is 12 percent ($120).
What is the yield to maturity. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
