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Jessica's Design Inc. has a bond with a coupon rate of 12%, maturing in 12 years at $1,000 per bond. If you wanted to
Jessica's Design Inc. has a bond with a coupon rate of 12%, maturing in 12 years at $1,000 per bond. If you wanted to buy the bond today, you'd have an outflow of -$940. What is the yield to maturity? Select one: a. 13.01% b. 12.00% c. 12.60% d. 11.50%
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
