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On December 1, 2007 the Forrest Company issued bonds having a face value of $1,000, each maturing in 30 years and having a coupon rate
On December 1, 2007 the Forrest Company issued bonds having a face value of $1,000, each maturing in 30 years and having a coupon rate of 6% per annum, paid semi-annually. On December 1, 2013 the bonds traded at a price of $1,199.65. What will the bonds yield to maturity if purchased on December 1, 2013
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
