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Jerry's Spaghetti Factory issued 12-year semiannual bonds two years ago at a coupon rate of 9.5 percent. If these bonds currently sell for 96 percent
Jerry's Spaghetti Factory issued 12-year semiannual 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? (10 points)
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Project Finance For Construction
Authors: Anthony Higham, Carl Bridge, Peter Farrell
1st Edition
1138941298, 978-1138941298
