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What is the yield to maturity of the issue as a broker

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Reference no: EM132933449

Problem 1: Craft & Creams plans to issue bonds with a par value of R1000 and eight years to maturity. These bonds will pay R40 interest every six months. Current market conditions are such that the bonds will be sold to net R937,79. What is the yield to maturity (YTM) of the issue as a broker would quote it to an investor?

Reference no: EM132933449

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