14. Hamilton Corporation's bonds will mature in 15 years. The bonds have a face value of $1,000 and an 8% coupon rate, paid semiannually. The price of the bonds is $1,111.14. What is the yield to maturity of the Hamilton bonds?
14. Hamilton Corporation's bonds will mature in 15 years. The bonds have a face value of $1,000 and an 8% coupon rate, paid semiannually. The price of the bonds is $1,111.14. What is the yield to maturity of the Hamilton bonds?
Chapter6: Bonds (debt) - Characteristics And Valuation
Section: Chapter Questions
Problem 12PROB
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