Question
A bond sells for $921.08 and has a coupon rate of 6.80 percent. If the bond has 16 years until maturity, what is the yield
A bond sells for $921.08 and has a coupon rate of 6.80 percent. If the bond has 16 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) The answer is not 5.06 or 5.07
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Handbook Of Financial Planning And Control
Authors: Robert P. Greenwood
3rd Edition
0566083728, 978-0566083723
