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Tidewater home health care inc has a bond issue outstanding

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Tidewater Home Health Care, Inc., has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 10% with interest paid annually, and a par value of $1,000. The current market price of the bond is $1,251.22.

Question; What is the bond's yield to maturity?

Reference no: EM13478376

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