Harrimon industries bonds have 5 years left to maturity


Question: Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%.

What is the yield to maturity at a current market price of

1. $879. Round your answer to two decimal places.

2. $1,145. Round your answer to two decimal places.

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Finance Basics: Harrimon industries bonds have 5 years left to maturity
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