Question
A bond's market price is $825 . It has a $1 comma 000 par value, will mature in 8 years, and has a coupon interest
A bond's market price is $825 . It has a $1 comma 000 par value, will mature in 8 years, and has a coupon interest rate of 9 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? show work
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
