Johnson corporation issued a series of ten year 1000 face


Johnson Corporation issued a series of ten year, $1,000 face value bonds with a coupon interest rate of 14%. Investors paid $815 for each bond. What yield-to-maturity are the investors receiving?

  • 16.27%.
  • 14.16%.
  • 12.14%.
  • 18.14%.

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Business Management: Johnson corporation issued a series of ten year 1000 face
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