Question
A bond currently sells for $1,030 even though it has a par of $1,000. It was issued 2 years ago and had a maturity of
A bond currently sells for $1,030 even though it has a par of $1,000. It was issued 2 years ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semiannually. What is its YTM? Show your work. |
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
