Question
A 10 year quarterly coupon bond with par value=10000 and coupon rate =5%. the bond was issued 6 years ago. This bond is currently selling
A 10 year quarterly coupon bond with par value=10000 and coupon rate =5%. the bond was issued 6 years ago. This bond is currently selling for 11000. What is the yield to maturity? What is the effective annual rate?
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Financial Mathematics
Authors: Cacildo Marques
1st Edition
8741574710, 979-8741574713
