5, what is your yield to maturity?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question

Subject :- Accounting 

(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 21 years and pay 12 percent interest annually. If you purchase the bonds for
$825, what is your yield to maturity?
Your yield to maturity on the Abner bonds is%. (Round to two decimal places.)
Transcribed Image Text:(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 21 years and pay 12 percent interest annually. If you purchase the bonds for $825, what is your yield to maturity? Your yield to maturity on the Abner bonds is%. (Round to two decimal places.)
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