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Quirky Inc. has bonds that mature in 12 years. The bonds pay interest annually and have a 13.2% coupon rate. If the current price of
Quirky Inc. has bonds that mature in 12 years. The bonds pay interest annually and have a 13.2% coupon rate. If the current price of the bonds is $1,025, what is theiryield to maturity (YTM)?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
