Solved: The bond is currently selling for 773 par value of the bond, Finance Basics

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The bond is currently selling for 773 par value of the bond

Finance : Bond Yield to Call. YTM and Price after original Issue

Question

Dan is considering the purchase of Super Technology, Inc. bonds that were issued 9 years ago. When the bonds were originally sold they had a 30-year maturity and a 6.41 percent coupon interest rate, paid annually. The bond is currently selling for $773. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

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Finance Basics: The bond is currently selling for 773 par value of the bond

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Finance Basics: The bond is currently selling for 773 par value of the bond

Reference No:- TGS02179427

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