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Locust Grove Farms has a bond outstanding that matures in 18.5 years and pays an 8.5 percent coupon. The bond pays interest semiannually. The bond
Locust Grove Farms has a bond outstanding that matures in 18.5 years and pays an 8.5 percent coupon. The bond pays interest semiannually. The bond has a par value of $1,000 and a market price of $1,007.44. Interest is paid semiannually. What is the yield to maturity? Options : 8.36 percent 8.42 percent 8.61 percent 8.74 percent 8.90 percent
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