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Rickos Rickos
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2 years ago
BCD's $1,000 par value bonds currently sell for $798.50. The coupon rate is 10%, paid semiannually. If the bonds have five years before maturity, what is the yield to maturity or expected rate of return?
Textbook 

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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2 years ago
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N=10, PV=-798.50, PMT=50, FV=1000, solve for i=8.00 semi-annual rate, 8.00% x 2 = 16%

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