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92-11+ means price 92+11/32+1/64 4.Bond is maturing in 10.5 years and has annual coupon rate 4.0% coupon paid semiannually and price 92-11+ a)Calculate its Yield
92-11+ means price 92+11/32+1/64
4.Bond is maturing in 10.5 years and has annual coupon rate 4.0% coupon paid semiannually and price 92-11+ a)Calculate its Yield to Maturity. (You can use Excel and try several Yields until you get required price.)Step by Step Solution
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Financial Accounting
Authors: Belverd E Needles, Marian Powers
10th Edition
0547193289, 9780547193281
