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A bond has a face value of $1,000, a coupon rate of 9%, and makes semi-annual coupon payments. The bond is a corporate bond (use
| A bond has a face value of $1,000, a coupon rate of 9%, and makes semi-annual coupon payments. | |
| The bond is a corporate bond (use basis = 0). | |
| The investor purchases the bond on April 28, 2021. The bond matures on February 15, 2040. | |
| If the bond's current price is $1,125, what is the bond's yield to maturity? | |
| Use the =yield function. |
| Settlement |
| maturity |
| rate |
| price |
| redemption |
| frequency |
| basis |
| Yield |
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
