Question
Whiterock Care has a bond issue outstanding with 9 years remaining to maturity, a coupon rate of 8% with interest paid semiannually, and a par
Whiterock Care has a bond issue outstanding with 9 years remaining to maturity, a coupon rate of 8% with interest paid semiannually, and a par value of $1,000. The current market price of the bond is $1,158.70. What is the bond's (annual) yield to maturity?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
