Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9% . What is the yield to maturity at a current market price of $842? Round your answer to two decimal places. % $1, 106? Round your answer to two decimal places.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Harrimon Industries bonds have 5 years left to maturity. Interest is paid
annually, and the bonds have a $1,000 par value and a coupon rate of 9%.
What is the yield to maturity at a current market price of $842? Round your
answer to two decimal places. % $1,106? Round your answer to two
decimal places.
Transcribed Image Text:Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9%. What is the yield to maturity at a current market price of $842? Round your answer to two decimal places. % $1,106? Round your answer to two decimal places.
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