Question
A bond with maturity 5 years and par value of $1,000 pays semi-annual coupons and sells for $1,100. Its yield to maturity is 2% and
A bond with maturity 5 years and par value of $1,000 pays semi-annual coupons and sells for $1,100. Its yield to maturity is 2% and its coupon rate is 3%, annualized using the bond convention. What can you say about the bond's current yield?
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The Emerging Markets Handbook
Authors: Pran Tiku
1st Edition
0857192981, 978-0857192981
