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QID: #17881
Solution for QID #17881: Barry's Steroids Company has $1,000 par value bonds outs | StudyHelpMe
Barry's Steroids Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 30 years.
If the percent yield to maturity is 11 percent, what percent of the total bond value does the repayment of principal represent? Assume interest payments are annual.
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