Question
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
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?
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To calculate the yield to maturity YTM for a bond we need to consider the current price the par valu...
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
