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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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
