Billy bobs inc has a 1000 par value bond that is currently, Ask an Expert

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Billy Bobs, Inc has a $1000 par value bond that is currently selling for $911.It has an annual coupon rate of 11.70%, paid semi-annually, and has 28-years remaining until maturity What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?

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Financial Management, Finance

Category:- Financial Management
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