Question
A 5% annual coupon, ten-year bond is priced at $1,060.00.The par value is $1,000.What is the yield to maturity (YTM) for this bond? (Answer to
A 5% annual coupon, ten-year bond is priced at $1,060.00.The par value is $1,000.What is the yield to maturity (YTM) for this bond? (Answer to 4 decimals with zero before decimal point 0.XXXX)
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
