A company issue a new series of bonds on january 1 1988 the, Financial Management

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A company issue a new series of bonds on january 1 1988 the

A company issue a new series of bonds on January 1 1988. The bonds were sold at a 1000 par value, had a 12% coupon and mature in 30 years on December 31, 2017. Compounding are made semiannually( June 30 & Dec. 31) what was the yield to maturity on January 1 1988?

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Financial Management: A company issue a new series of bonds on january 1 1988 the

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