Question
A bond is currently priced at $1,000. If the bond pays a 4.65% semiannually compounded coupon for the next 25 years, what is the yield
A bond is currently priced at $1,000. If the bond pays a 4.65% semiannually compounded coupon for the next 25 years, what is the yield to maturity of the bond? (Provide your solution as a decimal with four digits of accuracy.)
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
