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(Yield to maturity) Assume the market price of a 6-year bond for Margaret Inc. is $925, and it has a par value of $1,000.
(Yield to maturity) Assume the market price of a 6-year bond for Margaret Inc. is $925, 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?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
