(Answered) The eastman kodak corporation ek had a straight bond issue

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The Eastman Kodak Corporation (EK) had a straight bond issue outstanding that was due in eight years. The bonds are currently selling for 105.25 percent, or $1,0525.00, per bond and pay a semiannual interest payment based on a 7.25% (annual) coupon rate of interest. Assuming that the bonds remain outstanding until maturity and the company makes all promised interest and principal payments in a timely basis, what is the yield to maturity to the bondholders?

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