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
Section: Chapter Questions
Problem 1PS
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(Related to Checkpoint 9.2) (Yield to maturity)
Abner Corporation's bonds mature in 22 years and pay 9 percent interest annually. If you purchase the bonds for $1,300, what is your yield to maturity? Your yield to maturity on the Abner bonds is what %.
(Round to two decimal places.)
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