Question
A 4.90 percent coupon bond with 17 years left to maturity is offered for sale at $974.31. What yield to maturity is the bond offering?
| A 4.90 percent coupon bond with 17 years left to maturity is offered for sale at $974.31. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) |
| Yield to maturity | %
|
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Term Structure Models A Graduate Course
Authors: Damir Filipovic
2009th Edition
364226915X, 978-3642269158
