Question
1) PBJ Corporation issued bonds on January 1, 2008. The bonds had a coupon rate of 6.5%, with interest paid semiannually. The face value of
1) PBJ Corporation issued bonds on January 1, 2008. The bonds had a coupon rate of 6.5%, with interest paid semiannually. The face value of the bonds is $1,000. What is the yield to maturity for an PBJ Corporation bond on January 1, 2008 if the market price of the bond on that date is $1,000?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
