A corporate bond's face value is $1000 and it matures in 17 years. Coupons are paid semi-annually. What is the bond's yield to maturity, if
A corporate bond's face value is $1000 and it matures in 17 years. Coupons are paid semi-annually. What is the bond's yield to maturity, if its coupon rate is 9.4% and it is currently trading for $962.4? [Provide your answer in percent, with two decimals, omitting the % sign.]
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Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
