Question
A bond has a 10.5 percent coupon rate, 8 years left to maturity, makes annual interest payments and is currently selling for $1070. What is
A bond has a 10.5 percent coupon rate, 8 years left to maturity, makes annual interest payments and is currently selling for $1070. What is its YTM? Use the trial and error method. Answer- First try? Why? Second try? Why? Using the calculator YTM=9.22%
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Cost Accounting And Financial Management For Construction Project Managers
Authors: Len Holm
1st Edition
1138550655, 978-1138550650
