Question
A $1,000 bond with a coupon rate of 4%, interest paid semiannually, matures in 14 years, and sells for $980. What is the yield to
A $1,000 bond with a coupon rate of 4%, interest paid semiannually, matures in 14 years, and sells for $980. What is the yield to maturity? (round it to four decimal places)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
