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Tofu Ice Creams Inc issued a 20-year, 7% annual coupon bonds with a $1,000 par value. If the current price of the bonds is $1,050,
Tofu Ice Creams Inc issued a 20-year, 7% annual coupon bonds with a $1,000 par value. If the current price of the bonds is $1,050, what is the yield to maturity?
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
