Question
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 7.40%. Note: Do not round intermediate
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 7.40%.
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.
What is the yield to maturity if the bond is selling for $980?
What is the yield to maturity if the bond is selling for $1,000?
What is the yield to maturity if the bond is selling for $1,145?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
