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(Yeldto malurityAn) 13 year bond for Rusk Corporation has a market price of $775 and a par value of $1,000. the bond has an annual interest rate of 11 percent, but pays interest what is the bonds yeld to maturity The bonds yeld to maturity i Round to to decimal places)

(Yeldto malurityAn) 13 year bond for Rusk Corporation has a market price of $775 and a par value of $1,000. the bond has an annual interest rate of 11 percent, but pays interest what is the bonds yeld to maturity The bonds yeld to maturity i Round to to decimal places)

Essentials Of Investments
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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(Yeld to mahurity) An) 13 year bond for Rusk Corporation has a market price of $775 and a par value of $1,000. If the bond has an annual interost rate of 11 percent, but pays interest semiannualy, what is the bond's yield to maturity? The bond's yieid to maturity is (Round to bwo decimal places)
Transcribed Image Text:(Yeld to mahurity) An) 13 year bond for Rusk Corporation has a market price of $775 and a par value of $1,000. If the bond has an annual interost rate of 11 percent, but pays interest semiannualy, what is the bond's yield to maturity? The bond's yieid to maturity is (Round to bwo decimal places)
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