Essex Biochemical Co. has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to…

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Essex Biochemical Co. has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to…

Essex Biochemical Co. has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent

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