Lkm inc wants to issue new 20 year bonds for some much, Financial Management

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Lkm inc wants to issue new 20 year bonds for some much

LKM, Inc, wants to issue new 20 year bonds for some much needed expansion projects. The company currently has bonds on the market that sell for $972.78, making semi-annual payments, with a 6.5% coupon rate. What is the yield to maturity of the bond? Please explain

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Financial Management: Lkm inc wants to issue new 20 year bonds for some much

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