Bonds have six years remaining to maturity

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Reference no: EM13810311

The Brownstone Corporation's bonds have 6 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%.

A) What is the yield to maturity at a current market price of $803? Round your answer to two decimal places.

B) What is the yield to maturity at a current market price of $1,116? Round your answer to two decimal places.

Reference no: EM13810311

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