Beck industries bond has a current market price of 1060 7


Beck Industries bond has a current market price of $1060, 7% coupon, $1000 par, 10 years maturity.

What is the yield to maturity?

So, do similar risk bonds being issued today (at par) have a coupon rate higher or lower than Beck’s?

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Financial Management: Beck industries bond has a current market price of 1060 7
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