Question
A bond has following features: face value of $1000, coupon rate of 10% (annual compounding), and 10 years to maturity. The bond has a current
A bond has following features: face value of $1000, coupon rate of 10% (annual compounding), and 10 years to maturity. The bond has a current price of $1,100. What is the bond's yield to maturity?
Enter your answer to 2 decimal places. For example 5.27
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ISE Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
8th International Edition
1265561435, 9781265561437
