Question
A bond with 15 years to maturity, a face value of $1000, pays a coupon rate of 14% APR compounded semi-annually. If this bond is
A bond with 15 years to maturity, a face value of $1000, pays a coupon rate of 14% APR compounded semi-annually. If this bond is priced at $969.74. What is the yield-to-maturity stated as an APR with semi-annual compounding?
Enter rate in decimal form, rounding to the nearest basis point (4th digit).
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The Value Investor's Handbook
Authors: Andrew P.C.
1st Edition
1098810449, 978-1098810443
