Question
May Industries has a bond outstanding that sells for $780. The bond has a coupon rate of 7.20 percent and 11 years until maturity. What
| May Industries has a bond outstanding that sells for $780. The bond has a coupon rate of 7.20 percent and 11 years until maturity. What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) |
| Yield to maturity | % |
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The Financial Diet A Total Beginners Guide To Getting Good With Money
Authors: Chelsea Fagan, Lauren Ver Hage
1st Edition
1250176166, 978-1250176165
