Dcor Interiors has an outstanding bond with a $1,000 maturity value and a 5.5 percent coupon rate
Question:
Décor Interiors has an outstanding bond with a
$1,000 maturity value and a 5.5 percent coupon rate of interest that was issued 20 years ago.
Interest is paid semiannually. The bond, which matures in five years, is currently selling for
$1,022. What is the bond’s yield to maturity?
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Munir Ahmed Jakhro
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