What calculations is used to find present value

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Reference no: EM132034911

Unacceptable Skills, Inc issue 12.25%, $15000, semiannual bonds. The bonds were issued 10 years ago, sell today at 102.0 and will mature in 30 years. what is the yield to maturity of the bonds?

Can you explain and show step by step how to get to the answer please! And why PV=15,300? What calculations is used to find Present Value?

Reference no: EM132034911

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