Business, 28.05.2020 17:58, grangian06

Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of
course is also the amount of principal to be paid at maturity. The bonds are currently selling for
$690. They have 10 years remaining to maturity. The annual interest payment is 13 percent ($130).
Compute the approximate yield to maturity.

Answers: 1

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Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of
course i...