The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Cash 16,000 Noncash asset 434,000 Total - 450,000 Liability-150000 Abrams-80,000 Bartle - 90,000 Creighton-130,000 total - 450,000
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A bond has a $1,000 par value, 11 years to maturity, and pays a coupon of 4.75% per year, semiannually. The bond can be called in five years at $1,050. If the bond's price is $797.92, what is its annual yield to maturity
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