Problemcolumbia corporation issued a 20-year bond 10 years, Ask an Expert

Finance

Problem:

Columbia Corporation issued a 20-year bond 10 years ago. The bond, which pays $80 interest annually, was issued at par.

Required:

Question: If the bond is currently selling for $820, what is the approximate yield to maturity?

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162886

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