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Calculate the bond yield-to-maturity if current market price

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Reference no: EM132735153

Finknautle, Inc. currently has the following sources of financing for its balance sheet. After analyzing each source of financing, answer the question associated with each.

Problem 1: An issue of $1,000 face value, 7% coupon bonds which mature in 19 years. Calculate the bond's yield-to-maturity if its current market price is $1,260.

Reference no: EM132735153

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