Question
A company has a semiannual-pay 10 percent coupon bond outstanding whose yield to maturity is 11.6 percent. What effective annual rate of return would you
A company has a semiannual-pay 10 percent coupon bond outstanding whose yield to maturity is 11.6 percent. What effective annual rate of return would you earn if you purchased these bonds and held them until maturity?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
