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What would the annual yield to maturity be on the bond

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Reference no: EM131381198

Finance: YTM annually, semi-annually

Question

Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,371. It has an annual coupon rate of 10 percent, paid semiannually, and has 9-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?

Reference no: EM131381198

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