Question
(Yield to maturity) Abner Corporation's bonds mature in 18 years and pay 9 percent interest annually. If you purchase the bonds for $700, what is
(Yield to maturity)Abner Corporation's bonds mature in 18 years and pay 9 percent interest annually. If you purchase the bonds for $700, what is your yield to maturity?
Your yield to maturity on the Abner bonds is __%
(Round to two decimal places.)
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
