Question
A 5.20 percent coupon bond with 15 years left to maturity is offered for sale at $935.22. What yield to maturity is the bond offering?
A 5.20 percent coupon bond with 15 years left to maturity is offered for sale at $935.22. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)
Yeild to maturity _______%
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
