Question
A bond has 4 years remaining to maturity, interest is paid semiannually, the bonds have a $1000 par value, and the coupon interest rate is
A bond has 4 years remaining to maturity, interest is paid semiannually, the bonds have a $1000 par value, and the coupon interest rate is 9%. Compute the yield to maturity for the bonds if the current market price is (a) $851 and (b) $1,105
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
