Question
2a. A bond matures in 8 years and pays a 5 percent annual coupon. The bond has a face value of $1,000 and currently sells
2a. A bond matures in 8 years and pays a 5 percent annual coupon. The bond has a face value of $1,000 and currently sells for $889. What is the bonds current yield? b) The same fact as in #2 above what is the yield to maturity on the bond?
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
