Business
Business, 12.03.2020 02:12, caydennnnn5764

New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1,000 and a market price of $1,022. Interest is paid semiannually. What is the yield to maturity?

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New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds ha...

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