Question
A $1,000 par value bond with a 8.50 % coupon rate (semianual interest) matures in 6 years and currently sells for $990.02. What is the
A $1,000 par value bond with a 8.50 % coupon rate (semianual interest) matures in 6 years and currently sells for $990.02. What is the bond's yield to maturity and bond equivalent yield?
The bond's yield to maturity is %. (Round to two decimal places.)
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
