Question
A bond is currently priced at $1050 on a par value of $1,000. Its term to maturity is 20 years and its coupon rate is
A bond is currently priced at $1050 on a par value of $1,000. Its term to maturity is 20 years and its coupon rate is 8% (stated annually, paid semiannually). If you buy the bond, and hold it to maturity, what would be the yield to maturity?
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
