A bond is currently priced at $790 on a par value of $1,000. Its term to maturity
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A bond is currently priced at $790 on a par value of $1,000. Its term to maturity is 9 years and its coupon rate is 6% (stated annually, paid semiannually). If you buy the bond, and hold it to maturity, what would be the yield to maturity?
Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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