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    Tyler Food Corporation

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    Bonds issued by the Tyler Food Corporation have a par value of $1,000, are selling for $1,080, and have 20 years remaining to maturity. The annual interest payment is 12.5 percent ($125).

    Compute the approximate yield to maturity, using formula 102.

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    https://brainmass.com/business/bond-valuation/tyler-food-corporation-approximate-yield-maturity-177056

    Solution Preview

    Compute the approximate yield to maturity, using formula 102 (please see attached file).

    Bonds issued by the Tyler Food Corporation have a par value of $1,000, are selling for $1,080, and have 20 years remaining to maturity. The annual interest payment is 12.5 percent ($125).

    Compute the approximate yield to maturity, using formula ...

    Solution Summary

    This solution is comprised of a detailed explanation to compute the approximate yield to maturity for the bonds issued by the Tyler Food Corporation (see attachment).

    $2.19

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