Question
There is a bond that has a quoted price of 105.957 and a par value of $2,000. The coupon rate is 6.90 percent and the
There is a bond that has a quoted price of 105.957 and a par value of $2,000. The coupon rate is 6.90 percent and the bond matures in 24 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
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Fundamentals of Engineering Economics
Authors: Chan S. Park
3rd edition
132775425, 132775427, 978-0132775427
