What is the yield to maturity of a Patriot Theaters bond with a coupon ree of 12.17% per value of $1000, 23 years al maturty, and a price of $1234.67 t cupons are peids

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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What the yield-curity of a Patriot Theaters bond with a coupon rate of 12.17% par value of $1000, 23 years un maturity, and a price of $1234.67 if coupons are paid semi-annually with the next one due in
months Round the value to 100th decimal and Please enter the value only without converting it b a decimal formas. If the answer is 8.55%, enter 8.55)
Click Save and Submit and bmit Chick Se
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Transcribed Image Text:What the yield-curity of a Patriot Theaters bond with a coupon rate of 12.17% par value of $1000, 23 years un maturity, and a price of $1234.67 if coupons are paid semi-annually with the next one due in months Round the value to 100th decimal and Please enter the value only without converting it b a decimal formas. If the answer is 8.55%, enter 8.55) Click Save and Submit and bmit Chick Se eller
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