Question
A bond has 24 years to maturity. The bonds coupon rate is 13.75% with semi-annual coupon payments. The par value is $1000. The bond is
A bond has 24 years to maturity. The bonds coupon rate is 13.75% with semi-annual coupon payments. The par value is $1000. The bond is currently selling for $985.25 What is yield-to-maturity?
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
