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Nike issued 10 year bonds at a coupon rate of 8.4%. The bonds make semiannual payments. If these bonds currently sell for 87% of par
Nike issued 10 year bonds at a coupon rate of 8.4%. The bonds make semiannual payments. If these bonds currently sell for 87% of par value, what is the YTM?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
