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Culpepper Supply has a bond issue outstanding that pays a 7.5% coupon and matures in 40 years. The market price is $912.90. The coupon payment
Culpepper Supply has a bond issue outstanding that pays a 7.5% coupon and matures in 40 years. The market price is $912.90. The coupon payment is paid quarterly. What is the yield to maturity? You need to submit your answer and upload your calculations via Bb, if not, your mark will be zero.
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