What is the yield to maturity
Bonds issued by Stainless Tubs bear an 8% coupon rate, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?
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The bonds mature in 11 years and have $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?
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