Springfield Nuclear Energy Inc. bonds are currently trading at $853.67. The bonds have a face value of $1,000, a coupon rate of 4.5% with coupons
Springfield Nuclear Energy Inc. bonds are currently trading at $853.67. The bonds have a face value of $1,000, a coupon rate of 4.5% with coupons paid annually, and they mature in 20 years. What is the yield to maturity of the bonds? The yield to maturity of the bonds is __% (Round to two decimal places.)
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Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
