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3. What is your yield to Maturity if you buy a P&C Bond for $1,125? It Pays a 5% coupon and Matures in 8 Years.
3. What is your yield to Maturity if you buy a P&C Bond for $1,125? It Pays a 5% coupon and Matures in 8 Years.
Redo the same Question #3 assuming the bond is selling for $875
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COUPON RATE 5.00% NPER YEARS TO MATURITY $50.00 (face value x coupon rate) $1,000.00 $1,125.00 PMT = FACE VALUE PRICE = PV Yield to maturity = RATE = 3.20% rate(nper,pmt,-pv,fv) rate(8,50,-1125,1000) a) YTM at given price 3.20%
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Short Term Rental Long Term Wealth
Authors: Avery Carl
1st Edition
1947200445, 978-1947200449
