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Business, 24.04.2020 20:48 mack5628

When originally issued, an investment in the bonds of Flushing Dough, Inc., promised to provide an annual coupon of 7.00%. The bonds have 4 years until maturity, a market price of $815, and are expected to pay all coupons on time. At maturity, however, the bonds are only forecasted to pay 88% of their par value. What is the likely yield to maturity on the bonds

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