Question
Generic Inc. issued bonds in 1988 that will mature 16 years from today. The bonds pay a 14.375% coupon and the interest is paid semiannually.
Generic Inc. issued bonds in 1988 that will mature 16 years from today. The bonds pay a 14.375% coupon and the interest is paid semiannually. The bonds current price is $1,508.72. What is the yield to maturity on the bonds?
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Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
