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Business, 09.08.2021 20:40 ronaa

Antonio's Pizzeria plans to issue bonds with a par value of $1,000 and 10 years to maturity. These bonds will pay $45 interest every 6 months. Current market conditions are such that the bonds will be sold at net $937.79. What is the yield to maturity (YTM) of the issue as a broker would quote it to an investor

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Antonio's Pizzeria plans to issue bonds with a par value of $1,000 and 10 years to maturity. These b...
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