Spider Webs Inc issued bonds with a 12.26% annual coupon rate, paid semiannually. The bonds have a par value of $1000, a current price of $700, and will mature in 12 years.
Spider Webs Inc issued bonds with a 12.26% annual coupon rate, paid
semiannually. The bonds have a par value of $1000, a current price of $700, and will mature in 12 years. What would the annual yield to maturity be on the bond if you purchased the bond today?
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