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Determine the yield-to-maturity-denomination bond
Course:- Financial Management
Reference No.:- EM131050935





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Adams Food Service has issued 7? percent bonds that mature on July 15, 2046. The bonds are callable at $1,037.08 on July 15, 2021. Assume that interest is paid and compounded annually. Determine the yield-to-maturity (to the nearest 10th of 1 percent) if an investor purchased a $1,000 denomination bond for $900 on July 15, 2014.




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