Question
A $1 comma 000 par value bond with a 8.25 % coupon rate (semianual interest) matures in 7 years and currently sells for $ 981.08
A
$1 comma 000
par value bond with a
8.25
%
coupon rate (semianual interest) matures in
7
years and currently sells for
$ 981.08
.
What is the bond's yield to maturity and bond equivalent yield?
The bond's yield to maturity is
nothing
%.
(Round to two decimal places.)
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
