Business

Lawrence Mendez

20 September, 21:27

In 2000 Jenson Inc. issued bonds with an 8 percent semiannual coupon rate and a $1,000 face value. The bonds mature on April 18, 2035. If an investor purchased one of these bonds today (April 18, 2020), determine the yield to maturity if the investor paid $1,200 for the bond.

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