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Patricks products has outstanding bonds with and quarterly 6.5 percent coupon. The bonds have a par value of 1,000 and price of 906. the bonds
Patricks products has outstanding bonds with and quarterly 6.5 percent coupon. The bonds have a par value of 1,000 and price of 906. the bonds will mature in 4 years. What is the yield to maturity on the bonds? please show steps for using a financial calculator.
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