The fishing pier has 660 percent semi-annual bonds


The Fishing Pier has 6.60 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market value of $1,047. What is the yield to maturity?

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Finance Basics: The fishing pier has 660 percent semi-annual bonds
Reference No:- TGS0606769

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