Yield to maturity
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27. Culpepper Supply has a bond issue outstanding that pays a 7.5 % coupon and matures in 14 years. The bond have a par value $1,000 and market price of $942.90. Interest is paid semiannually. What is the yield to maturity?
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Solution Summary
The solution explains how to calculate the yield to maturity on a bond.
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The YTM is the discounting rate that will make the present value of ...
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