Question
(Yield to maturity)Abner Corporation's bonds mature in 24 years and pay 12 percent interest annually. If you purchase the bonds for $750, what is your
(Yield to maturity)Abner Corporation's bonds mature in 24 years and pay 12 percent interest annually. If you purchase the bonds for $750, what is your yield to maturity? Your yield to maturity on the Abner bonds is ....%. Answer to be rounded to two decimal places.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
