Question
10-year maturity bond with par value of $1,000 makes quarterly coupon payments at a coupon rate of 9%. Find the a) APR (bond equivalent YTM)
10-year maturity bond with par value of $1,000 makes quarterly coupon payments at a coupon rate of 9%. Find the a) APR (bond equivalent YTM) and b) APY (effective YTM) of the bond if the price of the bond is $950.
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
6th Edition
0073226386, 978-0073226385
