Determine the irr, Assume that the bond is held until its

Determine the irr

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A 10-year 8% bond issued by Holiday Shipping sells for $679.40 on January 1, 2001. The bond matures on December 31, 2007. Assume that the bond is held until its maturity, and determine the IRR. The bond's face value is $1000, and interest is paid semiannually. (Answer: 16.3%)

Reference no: EM131809063

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