Question
A 6 year bond pays interest of $40 semiannually and its price is currently quoted at 95 and 128/256. What is its annual coupon rate,
A 6 year bond pays interest of $40 semiannually and its price is currently quoted at 95 and 128/256. What is its annual coupon rate, current yield, nominal yield to maturity, and effective yield to maturity?
Face value
Maturity semiannual periods
Coupon semiannual pmt
Price quote Price in dollars
Annual coupon rate
Current yield annual rate
Discount rate semiannual rate
Nominal YTM annual rate
Effective YTM annual rate
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
