Question
A 11-yearbond pays interest of $27.90semiannually, has a face value of $1,000,and is selling for $800.57. What are its annual coupon rate and yield tomaturity?
A 11-yearbond pays interest of $27.90semiannually, has a face value of $1,000,and is selling for $800.57. What are its annual coupon rate and yield tomaturity?
The annual coupon rate is 5.58. (Round to two decimalplaces). (this I already answered)
The yield to maturity is _______ %.(Round to two decimalplaces). (this I can not figure out)
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Principles Of Finance
Authors: Besley, Scott Besley, Eugene F Brigham, Brigham
4th Edition
0324655886, 9780324655889
