Blue crab inc plans to issue new bonds but is uncertain how, Financial Management

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Blue crab inc plans to issue new bonds but is uncertain how

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?

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Financial Management: Blue crab inc plans to issue new bonds but is uncertain how

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Financial Management: Blue crab inc plans to issue new bonds but is uncertain how

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