Question
A bond has an annual coupon rate of 3.6%, a face value of $1,000, a price of $1,051.18, and matures in 10 years. Part 1
A bond has an annual coupon rate of 3.6%, a face value of $1,000, a price of $1,051.18, and matures in 10 years.
Part 1 What is the bond's YTM?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
