The bonds will have a par value of 1000 a 10-year maturity


Dry Seal plans to issue bonds to expand operations. The bonds will have a par value of $1,000, a 10-year maturity, and a coupon interest rate of 9%, paid semiannually. Current market conditions are such that the bonds will be sold to net $937.79. What is the yield-to-maturity of these bonds?

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Finance Basics: The bonds will have a par value of 1000 a 10-year maturity
Reference No:- TGS0633807

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