Question
A bond has a face value of $1,000 and currently sells for $959.65. If the bond has a coupon rate of 6%, with coupons paid
A bond has a face value of $1,000 and currently sells for $959.65. If the bond has a coupon rate of 6%, with coupons paid semi-annually, and 5 years to maturity, then what is YTM on these bonds?
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Introduction to Corporate Finance What Companies Do
Authors: John Graham, Scott Smart
3rd edition
9781111532611, 1111222282, 1111532613, 978-1111222284
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