Rockwell Industries has a three-year bond outstanding that pays a 7.25 percent coupon and is currently priced at $913.88.

$1.49 Excluding Tax

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QUESTION:

Rockwell Industries has a three-year bond outstanding that pays a 7.25 percent coupon and is currently priced at $913.88. What is the yield to maturity of this bond? Assume annual coupon payments?


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