The bond sells for 95107 and matures in 12 years the par


Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.6 percent. The bond sells for $951.07 and matures in 12 years. The par value is $1,000. What is the YTM of the bond?

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Financial Management: The bond sells for 95107 and matures in 12 years the par
Reference No:- TGS02814690

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