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Nissan issued 20-year bonds with an annual coupon rate of 8 percent redeemed at par ($1,000). If the current market price of Nissan bonds
Nissan issued 20-year bonds with an annual coupon rate of 8 percent redeemed at par ($1,000). If the current market price of Nissan bonds is $945, what is the yield to maturity?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
