What would the annual yield to maturity be on the bond

Reference no: EM131977215

Question: Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1, 459. It has an annual coupon rate of 16.33 percent, paid semiannually, and has 18-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? You should use Excel or financial calculator.

Reference no: EM131977215

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