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Fifteen years ago, Delwood Productions Inc. issued a 25-year, 12% coupon bond with semiannual interest payments. The bonds current market price is $1,160.82. Assuming the
Fifteen years ago, Delwood Productions Inc. issued a 25-year, 12% coupon bond with semiannual interest payments. The bonds current market price is $1,160.82. Assuming the bond has a $1,000 face value, what is its yield to maturity?
- 5.10 percent
- 10.20 percent
- 10.33 percent
- 4.74 percent
- 9.48 percent
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