Question
A $1,000 par value bond paying a 7% semi-annual coupon with 20 years to maturity is priced at $945. This bond is callable in 13
A $1,000 par value bond paying a 7% semi-annual coupon with 20 years to maturity is priced at $945. This bond is callable in 13 years at a price of $1,060.
What is this bonds YTM?
please show calculations
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The Ten Commandments To A Financial Healing
Authors: Ms. Kemberley J Washington
1st Edition
1499607261, 978-1499607260
