What is the approximate yield to maturity of the bonds
Question:
My company's bonds are currently selling for $1,157.75 per $1,000 par-value bond. The bonds have a 10% coupon rate and will mature in 10 years. What is the approximate yield to maturity of the bonds?
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The bonds have a 10% coupon rate and will mature in 10 years. What is the approximate yield to maturity of the bonds?
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