practice problem 6-3 eBook Three years ago Messy House Painting...
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Finance
practice problem 6-3
eBook Three years ago Messy House Painting issued a 15-year bond with a $1,000 maturity value and a 6 percent coupon rate of interest. Interest is paid semiannually. The bond is currently selling for $795. a. What is the band's yield to maturity? Do not round intermediate calculations. Round your answer to one decimal place. % b. If the band can be called in five years for a redemption price of $1,028, what is the band's yield to call? Do not round intermediate calculations Round your answer to one decimal place. %
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