Homework Help: Finance 370

Posted by joel on Monday, April 9, 2012 at 8:08am.

A bond that has a $1000 par value (face value) and a contract or coupon interest rate of 11.5. The bonds have a current value of $1120 and will mature in ten years. The firm's marginal tax rate is 34%. Using the time value of money, calculate the yield to maturity on a financial calculator.

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