Abc company has 1000 face value bonds outstanding these, Ask an Expert

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ABC Company has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 12 years, and have a 8.5 percent coupon. The current price of the bond is $1020. What is the yield to maturity? Enter yur answer in percentages rounded off to two decimal points. Do not enter % in the answer box.

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Category:- Financial Management
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