Question
Harbor Hospitals tax exempt bond is currently selling for $803.64 and has a remaining maturity of 20 years. If the par value is $1,000 and
Harbor Hospitals tax exempt bond is currently selling for $803.64 and has a remaining maturity of 20 years. If the par value is $1,000 and the coupon rate is 6%, what is the yield to maturity?
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
