Question
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8.0%. (Do not round intermediate calculations.
| A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8.0%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) |
| a. | What is the yield to maturity if the bond is selling for $930? |
| What is the yield to maturity if the bond is selling for $1,135? |
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
