Question
(Yield to maturity) Assume the market price of a 12-year bond for Margaret Inc. is $700, and it has a par value of $1,000.
(Yield to maturity) Assume the market price of a 12-year bond for Margaret Inc. is $700, and it has a par value of $1,000. The bond has an annual interest rate of 7% that is paid semiannually. What is the yield to maturity of the bond? The yield to maturity of the bond is %. (Round to two decimal places.)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
