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Marley Corporation's bonds have four years left to maturity Interest is paid annually and the bonds have a $1000 par value and a coupon rate of 5% If the price of the bond is $84151 the yield to

Marley Corporation's bonds have four years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 5%. If the price of the bond is $841.51, the yield to maturity is _____. (Use trial and error to calculate yield).
 

May 18 2020 View more View Less

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