Question
A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bond's YTM? Hint:
A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bond's YTM? Hint: The correct answer will round to .00 or .50.
Do not round intermediate calculations. Round the final answer to 2 decimal places.
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
