Preston corporation has a bond outstanding with an annual, Financial Management

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Preston corporation has a bond outstanding with an annual

Preston Corporation has a bond outstanding with an annual interest payment of $100, a market price of $1,270, and a maturity date in 6 years. Assume the par value of the bond is $1,000. I need to find the approximate yield to maturity and exact yield to maturity.

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Financial Management: Preston corporation has a bond outstanding with an annual

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