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Business, 02.04.2020 03:31 issabellaaa05

New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1,000 and a market price of $1,022. Interest is paid semiannually. What is the yield to maturity?

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New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds ha...
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