Determine the yield-to-maturity-denomination bond

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Reference no: EM131050935

Adams Food Service has issued 7? percent bonds that mature on July 15, 2046. The bonds are callable at $1,037.08 on July 15, 2021. Assume that interest is paid and compounded annually. Determine the yield-to-maturity (to the nearest 10th of 1 percent) if an investor purchased a $1,000 denomination bond for $900 on July 15, 2014.

Reference no: EM131050935

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Determine the yield-to-maturity-denomination bond : Adams Food Service has issued 7? percent bonds that mature on July 15, 2046. The bonds are callable at $1,037.08 on July 15, 2021. Assume that interest is paid and compounded annually. Determine the yield-to-maturity (to the nearest 10th of 1 percent..

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