On october 25 of last year the market price of braves, Ask an Expert

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On October 25 of last year the market price of Braves Corporation's 10 percent coupon, 11 years to maturity bonds was $1,213.17. A 10 percent coupon interest rate is paid semiannually, and the par value is equal to $1,000. What was the Yield To Maturity (stated on an annual, basis) if the bonds mature 11 years from that date?

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Financial Management, Finance

Category:- Financial Management
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