Question
A bond with a face value of $1000 and 15 years remaining until maturity pays a coupon rate of 10% semi-annually. Calculate its yield to
A bond with a face value of $1000 and 15 years remaining until maturity pays a coupon rate of 10% semi-annually. Calculate its yield to maturity if it is priced at $1100
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
