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(Yield to maturity) You own a 24-year bond that pays 14 percent interest annually. The par value of the bond is $1,000 and the
(Yield to maturity) You own a 24-year bond that pays 14 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.) XIX
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
