A few years ago, Spider Web, Inc. issued bonds with a 12.17 percent annual coupon rate, paid semiannually. The bonds have a par value of $1,000, a current price of $943, and will mature in 14 years.
A few years ago, Spider Web, Inc. issued bonds with a 12.17 percent
annual coupon rate, paid semiannually. The bonds have a par value of $1,000, a current price of $943, and will mature in 14 years. What would the annual yield to maturity be on the bond if you purchased the bond today? round two decimal places in percentage
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