Question
May Industries has a bond outstanding that sells for $934. The bond has a coupon rate of 6.3 percent and 19 years until maturity. What
May Industries has a bond outstanding that sells for $934. The bond has a coupon rate of 6.3 percent and 19 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.)
Yield to Maturity = ______ %
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
