what is your yield to​ maturity?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 10P
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Question
 Abner​ Corporation's bonds mature in
22
years and pay
14
percent interest annually. If you purchase the bonds for
​$1,125​,
what is your yield to​ maturity?
 
 
 

Question content area bottom

Part 1
Your yield to maturity on the Abner bonds is
enter your response here​%
 
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