Question
A 7.55 percent coupon bond with 15 years left to maturity is offered for sale at $1,025.00. What yield to maturity is the bond offering?
A 7.55 percent coupon bond with 15 years left to maturity is offered for sale at $1,025.00. What yield to maturity is the bond offering? (Assume interest payments are semiannual.)
Show the specific calculation.
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
