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Jerry's Spaghetti Factory issued 12-year bonds two years ago at a coupon rate of 9.5 percent. If these bonds currently sell for 96 percent of
Jerry's Spaghetti Factory issued 12-year bonds two years ago at a coupon rate of 9.5 percent. If these bonds currently sell for 96 percent of par value, what is the YTM?
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Production And Operations Analysis
Authors: Steven Nahmias, Tava Lennon Olsen
7th Edition
1478623063, 9781478623069
