Question
A bond sells for $918.70 and has a coupon rate of 8.40 percent. If the bond has 19 years until maturity, what is the yield
A bond sells for $918.70 and has a coupon rate of 8.40 percent. If the bond has 19 years until maturity, what is the yield to maturity of the bond?(Round your answer to 2 decimal places. Omit the "%" sign in your response.)
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
