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Dan is considering the purchase of Super Technology, Inc. bonds that were issued 4 years ago. When the bonds were originally sold they had a 20-year maturity and a 10.48 percent coupon interest rate, paid annually. The bond is currently selling for $1,383. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92400810

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