Johanson vi advisors issued 1000 par value bonds a few, Financial Management

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Johanson vi advisors issued 1000 par value bonds a few

Johanson VI Advisors. Issued $1000 par value bonds a few years ago with a coupon rate of 7 percent, paid semiannually. After the bonds were issued, interest’s rates fell. Now with three years remaining before they mature, the bonds sell for $1,055.08. What YTM do these bonds offer?

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Financial Management: Johanson vi advisors issued 1000 par value bonds a few

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