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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The Future For Investors
Authors: Jeremy Siegel
1st Edition
140008198X, 978-1400081981
