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Ivanhoe Corp. management plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $443.46.
Ivanhoe Corp. management plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $443.46. Assuming annual coupon payments, what is the yield to maturity on these bonds? Assume face value is $1,000. (Round answer to 3 decimal places, e.g. 15.251%.) Yield to maturity eTextbook and Media. Cater 12.318% % Attempts: 1 of 3 used Submit Answer
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
