Question
(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the % sign in your response.) 1)May Industries
(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
1)May Industries has a bond outstanding that sells for $830. The bond has a coupon rate of 7.00 percent and 10 years until maturity. What is the yield to maturity of the bond?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
