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The 6.90 percent annual coupon bonds of Over The Counter, Inc., are selling for $950. The bonds have a face value of $1,000 and
The 6.90 percent annual coupon bonds of Over The Counter, Inc., are selling for $950. The bonds have a face value of $1,000 and mature in 12 years. What is the yield to maturity? (Enter the answer as a percentage accurate to two decimal places.)
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Principles of Cost Accounting
Authors: Edward J. Vanderbeck, Maria Mitchell
17th edition
9781305480520, 1305087402, 130548052X, 978-1305087408
