Find yield to maturity if interest is paid semiannually
Culpepper Supply has a bond issue outstanding that pays a 8% couponand matures in 14 years. The bonds have a par value of $1000 and amarket price of $942.90. Interest is paid semiannually. What is the yield to maturity?
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The bonds have a par value of $1000 and amarket price of $942.90. Interest is paid semiannually. What is the yield to maturity?
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