Question
A bond's market price is $825. It has a $1000 par value, will mature in 8 years, and has a coupon interest rate of 11
A bond's market price is $825. It has a $1000 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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Handbook Of Global Financial Markets
Authors: Sabri Boubaker, Duc Khuong Nguyen
1st Edition
9813236647, 978-9813236646
