What is the approximate yield to maturity

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Question: a. A $1,000 par value bond issued by Conseco Electronics has 16 years to maturity. The bond pays $78 a year in interest and is selling for $880. What is the approximate yield to maturity?

b. If the firm is in a 30 percent tax bracket, what is the after tax cost of the debt?

Reference no: EM131788272

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