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Sally Inc has a bond outstanding with a $70 interest payment, a market price of $860, and a maturity date in five years. Par value
Sally Inc has a bond outstanding with a $70 interest payment, a market price of $860, and a maturity date in five years. Par value is $1,000.
what is the approvimate yield to maturity?
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
