Question
2. If a semiannual bond with a face value of $1,000 has an 8 % annual coupon rate and a 10-year maturity. The current price
2. If a semiannual bond with a face value of $1,000 has an 8 % annual coupon rate and a 10-year maturity. The current price of the bond is approximate $933.55. What's the annual yield-to-maturity on this bond?
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
