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J&J Inc. just issued a bond with a $1,000 face value and a coupon rate of 6.00%. The bond has a life of 20 years,
J&J Inc. just issued a bond with a $1,000 face value and a coupon rate of 6.00%. The bond has a life of 20 years, pays semi-annual coupons, and is selling for $1,125. What is the Yield to Maturity for this bond?
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The Bank Merger Wave
Authors: Gary Dymski
1st Edition
0765603829, 978-0765603821
