(See Solution) ATT has issued 8 1 / 8 percent debentures that will mature on July 15, 2024. The interest is paid and compounded annually. If the investor purchases
Question: AT&T has issued 8 1 / 8 percent debentures that will mature on July 15, 2024. The interest is paid and compounded annually.
If the investor purchases a $1000.00 denomination bond for $1025.00 on July 15, 2004 determine the bonds yield to maturity?
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