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A bond is selling for $934.74. The coupon rate is 8%. It has ten-years till maturity, with semi-annual compounding. u What is the yield-to-maturity (YTM)?
A bond is selling for $934.74. The coupon rate is 8%. It has ten-years till maturity, with semi-annual compounding. u What is the yield-to-maturity (YTM)? Explain the reinvestment rate assumption.
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
