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Business, 29.04.2021 22:00 payshencec21
Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is also the amount of principal to be paid at maturity. The bonds are currently selling for $700. They have 10 years remaining to maturity. The annual interest payment is 8 percent ($80). Compute the yield to maturity. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
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Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is als...
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