Big rapids homes has a bond issue outstanding that pays 60


Big Rapids Homes has a bond issue outstanding that pays $60 annual coupon paid semi-annually and matures in 30 years. The bonds have a par value of $1,000 and a quoted market price of 95.5. What is the yield to maturity?

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Financial Management: Big rapids homes has a bond issue outstanding that pays 60
Reference No:- TGS01087730

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