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Business, 11.03.2020 16:47 dyshekagraves

Facade Securities has an issue of $1,000 par value bonds with 18 years remaining to maturity. The bond's pay 7.7% interest on a semiannual basis. The current market price of the bonds is $1,175. What is the yield-to-maturity of the bonds

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Facade Securities has an issue of $1,000 par value bonds with 18 years remaining to maturity. The bo...
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