Question
A bond has $1,000 face value, 15 years to maturity, 4.5% annual coupon rate. The bonds current price is $951.48. Assuming the interest rate compounds
A bond has $1,000 face value, 15 years to maturity, 4.5% annual coupon rate. The bonds current price is $951.48. Assuming the interest rate compounds semiannually, what is the bonds yield to maturity (YTM)?
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
