Question
A 8.76% coupon bond with 21 years left to maturity is priced at $1,011.45. What is this bond's yield to maturity? (Assume interest payments are
A 8.76% coupon bond with 21 years left to maturity is priced at $1,011.45. What is this bond's yield to maturity? (Assume interest payments are paid semiannually and par value is $1,000)
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
