Question
A bond is currently selling in the market for $1,152.12. It has a coupon of 12% and a(n) 15-year maturity. Using annual compounding, calculate the
A bond is currently selling in the market for $1,152.12. It has a coupon of 12% and a(n) 15-year maturity. Using annual compounding, calculate the promised yield on this bond.
The yield to maturity on the bond is %. (Round to the nearest whole percent.)
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
