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The 7 percent annual coupon bonds of IPO, Inc. are selling for $1,020. The bonds have a face value of $1,000 and mature in 13
The 7 percent annual coupon bonds of IPO, Inc. are selling for $1,020. The bonds have a face value of $1,000 and mature in 13 years. What is the yield to maturity?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
