Solved: Calculate the approximate yield to maturity, Finance Basics

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Calculate the approximate yield to maturity

Problem:

Bingham Corporation has a new issue of Debt it wishes to value. Using the following information, calculate the following:

Annual Interest = 12 percent
Price of Bond = $96
Principle Pmt = $55
Years to Maturity = 9

Calculate the Approximate Yield to Maturity.

Is this Bond a good issue for the company? Investor? Why?

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Finance Basics: Calculate the approximate yield to maturity

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Finance Basics: Calculate the approximate yield to maturity

Reference No:- TGS02056441

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