Question
4. Suppose a bond has the following characteristics: a. Coupon rate: 10% APR b. Coupons paid out semi-annually c. Matures 10 years away from today
4. Suppose a bond has the following characteristics:
a. Coupon rate: 10% APR
b. Coupons paid out semi-annually
c. Matures 10 years away from today
d. Face Value = $1,000
e. Current Price = $1,050.00
What is the annual yield to maturity?
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
