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 bonds 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 bonds YTM? Hint: The correct answer will round to .00 or .50. Round to 2 decimals
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
