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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent. The bond sells for $965.18 and matures
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent. The bond sells for $965.18 and matures in 22 years. The par value is $1,000. What is the YTM of the bond? Multiple Choice 4.57% 3.04% 5.78% 5.48% 6.09%
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Managerial Accounting Working Papers
Authors: John G. Helmkamp
2nd Edition
0471514292, 978-0471514299
