Question
A bond with a coupon rate of 12.5% per year (payable semi-annually) has a remaining life of 7.5 years and a yield to maturity of
A bond with a coupon rate of 12.5% per year (payable semi-annually) has a remaining life of 7.5 years and a yield to maturity of 14%. What is the bonds current yield? Assume the bond is fairly priced.
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
