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Linda owns a $10,000. 14-year, 9% bond that makes annual coupon payments and was purchased at 107.5. The bond has 11 years remaining to maturity.
Linda owns a $10,000. 14-year, 9% bond that makes annual coupon payments and was purchased at 107.5. The bond has 11 years remaining to maturity. The annual yield on this bond is?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th edition
133507696, 978-0133507690
