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Bonds issued by the Coleman Manufacturing Company have a par value...

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Accounting

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Bonds issued by the Coleman Manufacturing Company have a par value of $1000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $850. They have 10 years to maturity Annual interest is 9 percent ($90), paid semiannually Compute the yield to maturity (Use a Financial calculator to arrive at the answers. Do not round intermediate calculation. Round the final answer to 2 decimal places.) Yield to maturity 95

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