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Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 10P
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CSM Corporation has a bond issue
outstanding at the end of 2006. The bond
has 10 years remaining to maturity and
carries a coupon interest rate of 10%.
Interest on the bond is compounded on a
semiannual basis. The par value of the
CSM bond is $1,000 and it is currently
selling for $885.3. Find the Yield to
Maturity?
ÖÖ 11:03 /
Transcribed Image Text:CSM Corporation has a bond issue outstanding at the end of 2006. The bond has 10 years remaining to maturity and carries a coupon interest rate of 10%. Interest on the bond is compounded on a semiannual basis. The par value of the CSM bond is $1,000 and it is currently selling for $885.3. Find the Yield to Maturity? ÖÖ 11:03 /
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