Question
A bond has an annual 8 percent coupon rate, a maturity of 10 years, a face value of $1,000, and it makes semiannual coupon payments.
A bond has an annual 8 percent coupon rate, a maturity of 10 years, a face value of $1,000, and it makes semiannual coupon payments. If its current price is $934.96, what is the annual yield to maturity on this bond?
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
