The fieldstone flooring company series a bonds have 5 years


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The fieldstone flooring company series A bonds have 5 years to maturity. Interest rate is paid annuary; the bonds have a $1,000 par value; and the coupon rate is 9 %.

a) What is the yeild to maturity, at a curerent market price of $829 ?

b) What is the yeild to maturity at a market price of $1,104?

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Financial Management: The fieldstone flooring company series a bonds have 5 years
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