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A $18,000 face value bond matures on August 3, 2024, and carries a coupon of 6.55% payable semi-annually. It is sold on February 3, 2009,
A $18,000 face value bond matures on August 3, 2024, and carries a coupon of 6.55% payable semi-annually. It is sold on February 3, 2009, for $20,557.32. Determine the yield to maturity, also semi-annually?
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Advances In Accounting Volume 23
Authors: Philip M J Reckers
1st Edition
0762314257, 9780762314256
