Question
A bond with 19 years left to maturity is selling for $893.45 and has a yield to maturity of 14.17%. What is the bond's annual
A bond with 19 years left to maturity is selling for $893.45 and has a yield to maturity of 14.17%. What is the bond's annual coupon rate? (Assume semiannual interest payments and a par value of $1,000)
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
