A few years ago spider web inc issued bonds with a 971, Ask an Expert

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A few years ago, Spider Web, Inc. issued bonds with a 9.71 percent annual coupon rate, paid semiannually. The bonds have a par value of $1,000, a current price of $905, and will mature in 13 years. What would the annual yield to maturity be on the bond if you purchased the bond today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92412297

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