Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Bonds issued by the Coleman Manufacturing Company have a par value of $1,000,
which of course is also the amount of principal to be paid at maturity. The bonds are
currently selling for $690. They have 10 years remaining to maturity. The annual interest
payment is 8 percent ($80).
Compute the yield to maturity.
Note: Do not round intermediate calculations. Input your answer as a percent
rounded to 2 decimal places.
Yield to maturity
%
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Transcribed Image Text:Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is also the amount of principal to be paid at maturity. The bonds are currently selling for $690. They have 10 years remaining to maturity. The annual interest payment is 8 percent ($80). Compute the yield to maturity. Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Yield to maturity %
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