Question
A bond is currently priced at $825 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 $825 on a par value of $1,000. Its term to maturity is 9 years and its coupon rate is 10% (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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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
