Question
(Yield to maturity) A(n) 18-year bond for Rusk Corporation has a market price of $ 875 and a par value of $ 1,000. If the
(Yield to maturity) A(n) 18-year bond for Rusk Corporation has a market price of $ 875 and a par value of $ 1,000. If the bond has an annual interest rate of 11 percent, but pays interest semiannually, what is the bond's yield to maturity?
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
