d5b9b40c64fda17a4bcd6d0dff377fb2_813915b8c4c8a3e42fa014e9a1219089 - Mary wants to invest her recent bonus in an 12-year 8 percent coupon bond that pays

D5b9b40c64fda17a4bcd6d0dff377fb2_813915b8c4c8a3e42fa014e9a1219089

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Mary wants to invest her recent bonus in an 12-year, 8 percent coupon bond that pays semiannual coupon payments. The bonds are selling at $1,043.24 today. If she buys this bond and holds it to maturity, what would be her yield-to-maturity? Sea Masters Co. issued $1000 par value bonds with a 12 percent coupon. The bond pays interest
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