Question
A bond is currently selling in the market for $ 1,170. It has a coupon of 12% with 15 years maturity that pay annual interest
A bond is currently selling in the market for $ 1,170. It has a coupon of 12% with 15 years maturity that pay annual interest payment. Calculate the yield to maturity for the bonds.
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Quantitative Corporate Finance
Authors: John B. Guerard Jr. Anureet Saxena, Mustafa Gultekin
2nd Edition
3030435466, 978-3030435462
