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The Chauncey Company currently has a bond outstanding with a coupon rate of 10 percent and semiannual payments. The bond is currently selling for $866.85.
The Chauncey Company currently has a bond outstanding with a coupon rate of 10 percent and semiannual payments. The bond is currently selling for $866.85. The bond matures in 17 years and has a par value is $1,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds
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Handbook Of Consumer Finance Research
Authors: Jing J. Xiao
1st Edition
1441926046, 978-1441926043
