Question
Milvaney Supplies issued 13-year 9.4 percent semiannual coupon bonds 6 years ago. The bonds sell for 110 percent of par value today. What is the
Milvaney Supplies issued 13-year 9.4 percent semiannual coupon bonds 6 years ago. The bonds sell for 110 percent of par value today. What is the yield-to-maturity on these bonds? Don't round steps. 2 decimal answer.
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
