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6. Find the bond's yield (YTM) as an effective annual rate for a bond with annual coupon of $100, Face value of $1000 and maturity
6. Find the bond's yield (YTM) as an effective annual rate for a bond with annual coupon of $100, Face value of $1000 and maturity in 2 yrs. The Spot rates of interest are r1=5%, r2=6% and r3=7%. a) 5.505% b) 5.917% c) 5.954% d) 11.833% e) 11.907% Step by Step Solution
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
