Question
A bond is currently priced at $730 on a par value of $1,000. Its term to maturity is 8 years and its coupon rate is
A bond is currently priced at $730 on a par value of $1,000. Its term to maturity is 8 years and its coupon rate is 6.50% (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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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
