Question
A $1000 par value bond with 6 years to maturity pays semi-annual coupons at a rate of 12% APR, with next coupon paid 6-months from
A $1000 par value bond with 6 years to maturity pays semi-annual coupons at a rate of 12% APR, with next coupon paid 6-months from today. If the bond is currently priced at $1,049.35, what is it's yield to maturity?
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Volatility Trading
Authors: Euan Sinclair
2nd Edition
1118347137, 9781118347133
