Question
A bond has a $1,000 par value, 12 years to maturity, and a 9% annual coupon and sells for $1,110. a. What is its yield
A bond has a $1,000 par value, 12 years to maturity, and a 9% annual coupon and sells for $1,110.
a. What is its yield to maturity (YTM)? Round your answer to two decimal places.
b. What is its yield to maturity (YTM)? Round your answer to two decimal places.
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
