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The 8.5 percent annual coupon bonds of Eberly, Inc. are selling for $930.12. The bonds have a face value of $1,000 and mature in 9 years. What is the yield to maturity
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The 8.5 percent annual coupon bonds of Eberly, Inc. are selling for $930.12. The bonds have a face value of $1,000 and mature in 9 years. What is the yield to maturity

User Mneri
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2 Answers

6 votes
To cl
N = 9
I/Y = ?
PV = -930.12
PMT = 85
FV = 1000

Solving for I/Y, we get:

I/Y = 10.00%

Therefore, the yield to maturity is 10.00%.
User Gkrizek
by
7.9k points
4 votes
The answer is 9.70. 9.70
User Takethefake
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