Bounty inc has outstanding a fixed coupon 1000 par value, Financial Management

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Bounty inc has outstanding a fixed coupon 1000 par value

Bounty Inc. has outstanding a fixed coupon, $1,000 par value bond with 15 years remaining until maturity. The bond makes semi-annual coupon payments and the annual coupon rate is 7 percent. If the bond currently sells at a price of $825 per bond, what is the annualized yield to maturity of the bond?

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Financial Management: Bounty inc has outstanding a fixed coupon 1000 par value

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Financial Management: Bounty inc has outstanding a fixed coupon 1000 par value

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