PP Inc has outstanding bonds with an annual 8% coupon. The bonds have a par value of$1000 and a price of $865. The bond will mature in 11 years. What is the yeild to maturity on the bonds?
PP Inc has outstanding bonds with an annual 8% coupon. The bonds have a par value of$1000 and a price of $865. The bond will mature in 11 years. What is the yeild to maturity on the bonds?
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2EB: Waylan Sisters Inc. issued 3-year bonds with a par value of $100,000 and a 6% annual coupon when the...
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PP Inc has outstanding bonds with an annual 8% coupon. The bonds have a par value of$1000 and a price of $865. The bond will mature in 11 years. What is the yeild to maturity on the bonds?
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