Question
A 18-year bond has a face (par) value of $439,624. The bond coupon rate is 5.8%; there are 7 premium payments per year. Suppose that
A 18-year bond has a face (par) value of $439,624. The bond coupon rate is 5.8%; there are 7 premium payments per year. Suppose that the bond is purchased at face value. What is the yield to maturity?
do not round
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Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
11th Edition
012819782X, 978-0128197820
