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Shandong Corp. has a 15-year bond issue outstanding that pays a 5% coupon. The bond is currently priced at $950 and has a par value
Shandong Corp. has a 15-year bond issue outstanding that pays a 5% coupon. The bond is currently priced at $950 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?
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Production And Operations Analysis
Authors: Steven Nahmias
6th Edition
0073377856, 9780073377858
