q 12 A 5.65 percent coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your answer to 2 decimal places.) yeild to maturity. %
q 12 A 5.65 percent coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your answer to 2 decimal places.) yeild to maturity. %
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 14.6APE
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q 12
A 5.65 percent coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your answer to 2 decimal places.)
yeild to maturity. %
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