Question
17 A bond with a face value of $1,000 is currently selling for $1,080. The bond pays a 12.5% interest coupon, and has 20 years
17 A bond with a face value of $1,000 is currently selling for $1,080. The bond pays a 12.5% interest coupon, and has 20 years remaining until its maturity. What is the Yield to Maturity for this bond?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
