New homes has a bond issue with a coupon rate of 55 percent
New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1,000 and a market price of $972. Interest is paid semiannually. What is the yield to maturity? (Please show work)
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new homes has a bond issue with a coupon rate of 55 percent that matures in 85 years the bonds have a par value of 1000
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