Question
5-13, You Just purchased a bond that matures in 5 years. The bond has a face value of $1,000 and has an 8% annual coupon.
5-13, You Just purchased a bond that matures in 5 years. The bond has a face value of $1,000 and has an 8% annual coupon. The bond has a current yield of 8.21%. What is the bonds yield to maturity?
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
