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Problem:

Thompson Biometrics Inc., has outstanding $1,000 face value 8% coupon bonds that make semi-annual payments, and have 14 yrs remaining to maturity. If the current price for these bonds is $987.24,

Required

Question: What is the annualized yield to maturity?

Note: Please provide reasons to support your answer.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91149719

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