Problem 3 喇 Tidewater Home Health Care, Inc. has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 10 percent with interest paid annually, and a par value of $1,000 The current market price of the bond is $1,251.22 a. What is the bond’s yield to maturity? Now, assume that the bond has semiannual coupon payments. What is its yield to maturity in this situation? b.

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