question archive Tully Corporation bonds have 7 years to maturity
Tully Corporation bonds have 7 years to maturity
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Tully Corporation bonds have 7 years to maturity. Interest is paid quarterly. The bonds have a $1,000 par value, coupon rate of 7% and a price of $1,073.69. Compute the annual yield to maturity. Round to 2 decimal places.
6.19%
7.15%
6.67%
5.72%
Option 1
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