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Crow Valley Industries bonds have an 8.5 percent coupon and pay interest annually. The face value is $1,000 and the current market price is $1,009.5.
Crow Valley Industries bonds have an 8.5 percent coupon and pay interest annually. Theface value is $1,000 and the current market price is $1,009.5. The bonds mature in 14 years. What is the yield to maturity?
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
978-0538497909
