Question
A bond's market price is $1,125. It has a $1,000 par value, will mature in 6 years, and has a coupon interest rate of 12
A bond's market price is $1,125. It has a $1,000 par value, will mature in 6 years, and has a coupon interest rate of 12 percent annual interest, but makes its interest payments semiannually. What is the bond's yield to maturity? What happens to the bond's yield to maturity if the bond matures in 12 years? What if it matures in 3 years?
The bond's yield to maturity if it matures in 6 years is __%. (Round to two decimal places.)
The bonds yield to maturity if it matures in 12 years is __
the bonds yielf to maturity if it matures in 3 years is __
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Financial And Managerial Accounting
Authors: Nonso E Okpala
1st Edition
1634873904, 9781634873901
