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If a $1,000, semi-annual, 8% coupon rate bond currently sells for $627.76 and has 15 years remaining to its maturity, what is the bond's YTM?
If a $1,000, semi-annual, 8% coupon rate bond currently sells for $627.76 and has 15 years remaining to its maturity, what is the bond's YTM?
| 16.00% |
| 8.00% |
| 7.00% |
| 14.00% |
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ISE Managerial Accounting For Managers
Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison
5th Edition
1260570010, 9781260570014
