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(Yield to maturity) You own a 11-year bond that pays 8 percent interest annually. The par value of the bond is $1,000 and the market
(Yield to maturity) You own a 11-year bond that pays 8 percent interest annually. The par value of the bond is $1,000 and the market price of the bond is $875. 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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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen
2nd Edition
0538473452, 9780538473453
