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Sally Company's bonds mature in 12 years, have a par value of $1,000, and make an annual coupon interest rate of 7.5%. The market price
Sally Company's bonds mature in 12 years, have a par value of $1,000, and make an annual coupon interest rate of 7.5%. The market price of bond is $1,125.00. What is the yield to maturity?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
