[Solution Library] Mc has issued 7 3 / 8 percent bond that matures July 15, 2036. The bonds are callable at $1,037.08 on July 15, 2011. The interest is paid
Question: Mc has issued 7 3 / 8 percent bond that matures July 15, 2036. The bonds are callable at $1,037.08 on July 15, 2011. The interest is paid and compounded annually.
Q) Determine the yield to maturity (to the nearest 10 th of 1 percent) if the investor purchases a $1000.00 denomination bond for $900.00 on July 15, 2004 ?
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