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papahomer papahomer
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6 years ago
Aurand, Inc. has outstanding bonds with an 8% annual coupon rate paid semiannually. The bonds have a par value of $1,000, a current price of $904, and will mature in 14 years. What is the annual yield to maturity on the bond?
A) 15.80%
B) 10.47%
C) 9.24%
D) 7.90%
E) 4.62%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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6 years ago
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papahomer Author
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6 years ago
Brilliant ツ
kevin12323h
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You make an excellent tutor!
gage
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2 hours ago
Just got PERFECT on my quiz
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