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The Chauncey Company currently has a bond outstanding with a coupon rate of 7 percent and semiannual payments. The bond is currently selling for $912.86.
The Chauncey Company currently has a bond outstanding with a coupon rate of 7 percent and semiannual payments. The bond is currently selling for $912.86. The bond matures in 15 years and has a par value is $1,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds? O 15.51% O 8.01% O 16.02% 4.01% O 8.60%
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Economics And Personal Finance
Authors: Irvin Tucker, Joan Ryan
1st Edition
1133562108, 978-1133562108
