Blue crab inc has determined that these bonds would sell, Financial Management

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Blue crab inc has determined that these bonds would sell

Blue Crab,Inc. plans to issue new bonds but is uncertain how the market would set the yield to maturity. The bonds would be 11-year to maturity, carry a 12.41 percent annual coupon and have a $1,000 par value. Blue Crab Inc has determined that these bonds would sell for $1,357 each. What is the yield to maturity for these bonds?

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Financial Management: Blue crab inc has determined that these bonds would sell

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Financial Management: Blue crab inc has determined that these bonds would sell

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