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A bond purchased today at a price of $850 and promising an interest payment of $100 each year over the next 5 years, when it
- A bond purchased today at a price of $850 and promising an interest payment of $100 each year over the next 5 years, when it will be redeemed by the bonds issuer for $1,000, will have a promised interest rate, measured by the yield to maturity. Find Yield to Maturity.
=rate(time,pmt,pv,fv) = rate(5,100,-850,1000)
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Stocks For The Long Run
Authors: Jeremy Siegel
6th Edition
1264269803, 978-1264269808
