Question
A 5.1% coupon bearing bond pays interest semi-annually and has a maturity of 11 years. If the current price of the bond is $930.75, what
A 5.1% coupon bearing bond pays interest semi-annually and has a maturity of 11 years. If the current price of the bond is $930.75, what is the yield to maturity of this bond? (Answer to the nearest hundredth of a percent, e.g. 12.34%)
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
