Question
Yield to Maturity for Annual Payments Wilson Wonders' bonds have 7 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par
Yield to Maturity for Annual Payments
Wilson Wonders' bonds have 7 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%. The bonds sell at a price of $1,095. What is their yield to maturity? Round your answer to two decimal places.
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
