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Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate
Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%.
a.What is the yield to maturity at a current market price of
1. $818? Round your answer to two decimal places. 2. $1,090? Round your answer to two decimal places
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