A $1,000 par value bond with seven years left to maturity has a 9 percent coupon rate
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A $1,000 par value bond with seven years left to maturity has a 9 percent coupon rate (paid semiannually) and is selling for $945.80. What is its yield to maturity? ( LG 3-2 )
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Related Book For
Financial Markets And Institutions
ISBN: 9780078034664
5th Edition
Authors: Anthony Saunders, Marcia Cornett
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