Question
A $1,000 par 20-year bond, with a coupon rate of 4.25% (payable in semi-annual installments) was issued on April 15, 2010. The bond is currently
A $1,000 par 20-year bond, with a coupon rate of 4.25% (payable in semi-annual installments) was issued on April 15, 2010. The bond is currently priced at $1,126.75. What is its yield-to-maturity if you buy it today? Round your answer to the nearest basis point.
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Operations Management Sustainability And Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
13th Global Edition
1292295031, 978-1292295039
