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A corporate bond has a face value of $1,000, and pays a $96 coupon semiannually (that is, the bond has a 19.2 percent coupon).
A corporate bond has a face value of $1,000, and pays a $96 coupon semiannually (that is, the bond has a 19.2 percent coupon). The bond matures in 1 year and sells at a price of $1,105. What is the bond's nominal yield to maturity?
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To calculate the bonds nominal yield to maturity YTM we need to find the interest rate that makes th...
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
