Answered You can hire a professional tutor to get the answer.
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,005. It has an annual coupon rate of 9.
I need help with this question.
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,005. It has an annual coupon rate of 9.34 percent, paid semiannually, and has 29-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?