The market price is 1150 for a 14-year bond 1000 par value


The market price is $1,150 for a 14-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually) What is the bond's yield to maturity?

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Financial Management: The market price is 1150 for a 14-year bond 1000 par value
Reference No:- TGS01282941

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