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What is the yield to maturity on the bonds

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Reference no: EM132743138

Question - You are considering the purchase of a companies bonds that were issued 10 years ago. When the bonds were originally sold, they had a 27 year maturity and an 11% coupon interest rate paid annually. The bond is currently selling for $981 par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

Reference no: EM132743138

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