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A large hospital has a bond issue outstanding with seven years remaining to maturity, a coupon rate of 11% with interest paid annually, and a par value of $1050. The current market price of the bond is $1,315.87. What is the bond’s yield to maturity?

Bonus: Assume that the bond has semiannual coupon payments. What is its yield to maturity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91597332

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