Finance Assignment | Top Essay Writing

Mokna Corporation issued bonds on January 1, 2008. The bonds have a coupon rate of 7.0%, with interest paid semiannually.

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The face value of the bonds is $1,000 and the bonds mature on January 1, 2028. What is the yield to maturity for a Mokna Corporation bond on January 1, 2020 if the market price of the bond on that date is $965? Get Finance homework help today