Question
George Robinson bought 10-year bonds issued by Harvest Foods five years ago for $939.15. The bonds make semiannual coupon payments at a rate of 8.8
George Robinson bought 10-year bonds issued by Harvest Foods five years ago for $939.15. The bonds make semiannual coupon payments at a rate of 8.8 percent. If the current price of the bonds is $1,043.77, what is the yield that George would earn by selling the bonds today?
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
