Question
ERL Enterprises bonds currently sell for $1,360. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is
ERL Enterprises bonds currently sell for $1,360. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
