Question
A bond with 10 years to maturity paying annual interests has an yield of 6.862 percent. The same bond paying semiannual interests would have an
A bond with 10 years to maturity paying annual interests has an yield of 6.862 percent. The same bond paying semiannual interests would have an yield of 6.682 percent. What is the basis point difference between the two yields?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
