Question
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
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.What is the yield to maturity?
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
