Question
A 15-year semiannual coupon bond trades at a price of $905, has a coupon rate of 10%, and a face value of $1000. What is
A 15-year semiannual coupon bond trades at a price of $905, has a coupon rate of 10%, and a face value of $1000. What is the yield-to-maturity (YTM) of this bond?
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
