Question
15. Trickle Corporation's 21 percent coupon rate, semiannual payment, $1,000 par value bonds which mature in 24 years. The bonds currently sell for $1,230.51 in
15. Trickle Corporation's 21 percent coupon rate, semiannual payment, $1,000 par value bonds which mature in 24 years. The bonds currently sell for $1,230.51 in the market. What is the bond Yield-to-Maturity (YTM) ?
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
