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 19-year to maturity, carry a 13.29 percent annual coupon, and have a $1,000 par value. Blue Crab, Inc. has determined that these bonds would sell for $926.50 each. What is the yield to maturity for these bonds? Please assist.

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Finance Basics: Blue crab inc has determined that these bonds would sell
Reference No:- TGS02818402

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