Jerry's supermakets has $1,000 par value bonds with a coupon rate of 8% per year making...

Jerry's supermakets has $1,000 par value bonds with a coupon rate of 8% per year making annual coupon payments. if there are 6 year remaining prior to maturity and the bonds are selling for $970, what is the annual yield to maturity for these bonds?

Expert Solution

jeff jeffy answered 2 years ago

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Jerry's supermakets has $1,000 par value bonds with a coupon rate of 8% per year making...

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