Question
A 5.75 percent coupon bond with 20 years left to maturity is offered for sale at $1,045.25. What yield to maturity is the bond offering?
A 5.75 percent coupon bond with 20 years left to maturity is offered for sale at $1,045.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
