Question
A corporate bond was quoted yesterday at 106.0 while today's quote is 104.5 at a constant yield to maturity. The bond has a face value
A corporate bond was quoted yesterday at 106.0 while today's quote is 104.5 at a constant yield to maturity. The bond has a face value of $1,000 and pays interest semi-annually at an annual coupon rate of 10%.
What is the yield to maturity on this bond?
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The Dynamics Of Church Finance
Authors: James D. Berkley
1st Edition
0801091055, 9780801091056
