In March 2012, the French bank, RCI Banque, issued an 18-month bond with a face value of
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In March 2012, the French bank, RCI Banque, issued an 18-month bond with a face value of €10,000, and an annual coupon rate of 2 per cent, paid every quarter. The issue price was €9,984.50. What was its YTM?
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To calculate the Yield to Maturity YTM of the bond we can use the formula for YTM wh...View the full answer
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Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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