Question
A bond is currently priced at $820 on a par value of $1,000. Its term to maturity is 10 years and its coupon rate is
A bond is currently priced at $820 on a par value of $1,000. Its term to maturity is 10 years and its coupon rate is 8.50% (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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Competing On Analytics The New Science Of Winning
Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman
1st Edition
1422103323, 9781422103326
