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A bond was purchased on April 15, 2008 and the quoted bond price was $930. The previous coupon date was January 1, 2008. The next
- A bond was purchased on April 15, 2008 and the quoted bond price was $930. The previous coupon date was January 1, 2008. The next coupon date is January 1, 2009. The bond will mature on January 1, 2015. The bonds annual coupon rate is 7% and the face value of the bond is $1,000. Coupons will be paid annually.
- Compute the bonds yield to maturity on an accrued interest payment basis.
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
