Question
A $1000 par value bond with a term of 10 years and a coupon of 8% convertible semiannually is offered at a price of $950.
A $1000 par value bond with a term of 10 years and a coupon of 8% convertible semiannually is offered at a price of $950. Find the yield rate. (Hint the signs are important here)
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YTM C F Pn FP2 C coupon payment 1000 ...
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
