Question
A 7.65 percent coupon bond with 16 years left to maturity is offered for sale at $1,030.00. What yield to maturity is the bond offering?
A 7.65 percent coupon bond with 16 years left to maturity is offered for sale at $1,030.00. What yield to maturity is the bond offering? (Assume interest payments are semiannual.)(Round your answer to 2 decimal places.)
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
