Question
A bond with 20 years left to maturity currently sells for 80% of par value. If the bond makes a $80 annual coupon payment, then
A bond with 20 years left to maturity currently sells for 80% of par value. If the bond makes a $80 annual coupon payment, then the bond must have a YTM greater than what percentage rate? Please do not round intermediate calculations. Round final answer to two decimal places
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Corporate Finance Theory And Practice
Authors: Aswath Damodaran
2nd Edition
0471283320, 9780471283324
