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Business, 12.03.2020 05:01 245cat

The Petit Chef Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,038.50, what is the YTM?

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The Petit Chef Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds...
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