Question
A bond's market price is $725 . It has a $1,000 par value, will mature in 8 years , and has a coupon interest rate
A bond's market price is $725. It has a $1,000 par value, will mature in 8 years, and has a coupon interest rate of 11 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 16 years? What if it matures in 4 years?
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Project Finance
Authors: B Rajesh Kumar
1st Edition
3030967247, 978-3030967246
