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Problem:

Rogue Racing Inc. has $1,000 par value bonds with a coupon rate of 8% per year making semiannual coupon payments. If there are twelve years remaining prior to maturity and these bonds are selling for $896.40,

Required:

Question: What is the yield to maturity for these bonds?

Note: Show all workings.

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Category:- Basic Finance
Reference No.:- M91147975

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