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Dan is considering the purchase of Super Technology, Inc. bonds that were issued 3 years ago. When the bonds were originally sold they had
Dan is considering the purchase of Super Technology, Inc. bonds that were issued 3 years ago. When the bonds were originally sold they had a 26-year maturity and a 14.06 percent coupon interest rate, paid annually. The bond is currently selling for $1,366. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?
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To calculate the yield to maturity YTM on the bonds we need to use the present value formula and s...
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
