Question
3. A 6% annual coupon bond (par=$1,000) with 15 years to maturity is selling for $1,050. a. What is the bonds Yield-to-Maturity (YTM)? b. What
3. A 6% annual coupon bond (par=$1,000) with 15 years to maturity is selling for $1,050.
a. What is the bonds Yield-to-Maturity (YTM)?
b. What is the bonds current yield (CY)?
c. What is the bonds capital gains rate or yield (CGY)?
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
