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Q7/Q8 Palmer Products has outstanding bonds with an annual 11.7 percent coupon. The bonds have a par value of $1,000 and a price of $1,154.
Q7/Q8
Palmer Products has outstanding bonds with an annual 11.7 percent coupon. The bonds have a par value of $1,000 and a price of $1,154. The bonds will mature in 16 years. What is the yield to maturity on the bonds? O 9.56% O 10.06% O 9,76% O 9.96% O 9,86% A corporate bond has a face value of $1,000, and pays a $44 coupon semiannually (that is, the bond has a 8.8 percent coupon). The bond matures in 27 years and sells at a price of $716. What is the bond's nominal yield to maturity? O 12.09% O 12.69% O 12.29% O 12.89% O 12.49% Step by Step Solution
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