castles in the sand, issued bonds at face value at a yielf to maturity of 7%.

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castles in the sand, issued bonds at face value at a yielf to maturity of 7%. Now with 8 years left until the maturity of the bonds, the company has run into hard times and the yield to maturituy on the bonds has increased to 15%, what is the price of the bond?

    • 10 years ago
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