A few years ago spider web inc issued bonds with a 1203, Financial Management

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A few years ago spider web inc issued bonds with a 1203

A few years ago Spider Web Inc issued bonds with a 12.03 percent annual coupon rate, paid semiannually. The bonds have a par value of 1,000, a current price of 1079, and will mature in 20 years. What will the annual yield to maturity be on the bond if you purchased the bond today? Round to the nearest two decimal place.

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Financial Management: A few years ago spider web inc issued bonds with a 1203

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Financial Management: A few years ago spider web inc issued bonds with a 1203

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