Question
A 15-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 12%. What is the bonds yield
| A 15-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 12%.
What is the bonds yield to maturity if the bond is selling for $1,000? Enter annual yield to maturity as your answer. (Do not round intermediate calculations.) What is the bonds yield to maturity if the bond is selling for $1,140? Enter annual yield to maturity as your answer. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
