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Business, 05.12.2019 07:31 reyrey216

"culpepper supply has a bond issue outstanding that pays a stated annual 7.5 percent coupon and matures in 14 years. the bonds have a par value of $1,000 and a market price of $942.90. interest is paid semiannually. what is the stated annual yield to maturity? the correct answer will give you a value that is within $1 of the target value."

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