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Facade Securities has an issue of $1,000 par value bonds with 18 years remaining to maturity.The bonds pay 7.7% interest on a semiannual basis.The current market price of the bonds is $1,175.What is the yield-to-maturity of the bonds?
Total Fixed Expenses
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Net Operating Income
The profit a company makes after deducting operating expenses, excluding interest and taxes.
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