Question
Radoski Corporation's bonds make an annual coupon interest payment of 8.45% every year. The bonds have a par value of $1,000, a current price of
Radoski Corporation's bonds make an annual coupon interest payment of 8.45% every year. The bonds have a par value of $1,000, a current price of $900, and mature in 14 years. What is the yield to maturity on these bonds?
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Financial Freedom
Authors: Timothy Turner
1st Edition
1801573573, 978-1801573573
