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Southern Bell has issued 4 3/8 percent bonds that mature on August 1 2011.
Southern Bell has issued 4 3/8 percent bonds that mature on August 1 2011.
Assume that interest is paid and compounded annually. Determine the
yield to maturity if an investor purchase a $1000.00 denomination bond
for $853.75 on August 1, 2004.
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