Evans emergency response bonds have 4 years to maturity


Question: Evans Emergency Response bonds have 4 years to maturity. Interest is paid semiannually. The bonds have a $1,400 par value and a coupon rate of 9 percent. If the price of the bond is $1,089.55, what is the annual yield to maturity? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Evans emergency response bonds have 4 years to maturity
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