Question
A 5.90 percent coupon bond with 17 years left to maturity is offered for sale at $936.32. What yield to maturity is the bond offering?
| A 5.90 percent coupon bond with 17 years left to maturity is offered for sale at $936.32. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) |
| Yield to maturity | % |
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
1st Edition
0201844842, 978-0201844849
