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Problem 7-27 Yield to Maturity (LG7-6) A 7.55 percent coupon bond with 15 years left to maturity is offered for sale at $1,025.00. What
Problem 7-27 Yield to Maturity (LG7-6) A 7.55 percent coupon bond with 15 years left to maturity is offered for sale at $1,025.00. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) Yield to maturity %
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
132926172, 978-0132926171
