Question
A 6.35 percent coupon bond with 20 years left to maturity is offered for sale at $1,105.25. What yield to maturity is the bond offering?
A 6.35 percent coupon bond with 20 years left to maturity is offered for sale at $1,105.25. 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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How To Understand Business Finance
Authors: Bob Cinnamon, Brian Helweg-Larsen
2nd Edition
0749460202, 978-0749460204
