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stranahan stranahan
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7 years ago
Your firm has issued a 20-year $1,000.00 par value semiannual 10% coupon bond that sells for $1,000 in the market place. The proceeds from the sale of the bond issue is $975.00 per bond. What is your firm's yield to maturity on this new bond issue? Use a financial calculator to determine your answer.
A) 10.00%
B) 10.16%
C) 10.30%
D) 5.15%
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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torchunicycletorchunicycle
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7 years ago
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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