An 8-year bond for katy corporation has a market price of


An 8-year bond for Katy Corporation has a market price of $700 and a par value of $1000. If the bond has an annual interest rate of 6 percent, but pays interst semiannually, what is the bond's yeild to maturity?

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Finance Basics: An 8-year bond for katy corporation has a market price of
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