Question
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,459. It has an annual coupon rate of 16.33 percent, paid
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,459. It has an annual coupon rate of 16.33 percent, paid semiannually, and has 18-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
