Question
A $1,000 bond has a 4 percent coupon and currently sells for $750. The bond matures after six years. What is the bonds anticipated yield?
A $1,000 bond has a 4 percent coupon and currently sells for $750. The bond matures after six years. What is the bonds anticipated yield? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number.
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
