Problempbj corporation issued bonds on january 12006 the, Ask an Expert

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Problem:

PBJ corporation issued bonds on January 1,2006. the bonds had a coupon rate of 5.5%, with interest paid semiannually. the face value of the bonds is $1,000 and the bonds mature on january 1,2021.

Required:

Question: What is the yield to maturity for an PBJ corporation bond on january 1, 2012 if the market price of thebond on that date is $ 950?

Note: Please provide reasons to support your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162938

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