Question
A bond is currently priced at $1250 on a par value of $1,000. Its term to maturity is 15 years and its coupon rate is
A bond is currently priced at $1250 on a par value of $1,000. Its term to maturity is 15 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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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
