Question
A corporate bond sells at par and has a current yield equal to 5.625%. Another bond sells for $10,075, has a face value of $10,000,
A corporate bond sells at par and has a current yield equal to 5.625%. Another bond sells for $10,075, has a face value of $10,000, and has a coupon rate equal to 5.5%. Which bond has a higher yield to maturity?
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Financial Analysis And Modeling Using Excel And VBA
Authors: Chandan Sengupta
2nd Edition
047027560X, 978-0470275603
