Fitzs 25-year bond pays 11 interest annually on a 1000 par


Fitz's 25-year bond pays 11% interest annually on a $1,000 par value. If bonds sell at $845, what is the bond's yield to maturity? What would be the yield to maturity if the bond paid interest semiannually?

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Finance Basics: Fitzs 25-year bond pays 11 interest annually on a 1000 par
Reference No:- TGS0619129

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