Question
A corporate bond's face value is $1000 and it matures in 12 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 12 years. Coupons are paid semi-annually. What is the bond's yield to maturity, if its coupon rate is 4.8% and it is currently trading for $1014.5? [Provide your answer in percent, with two decimals, omitting the % sign.]
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Financial Management Theory And Practice
Authors: Prasanna Chandra
9th Edition
9339222571, 978-9339222574
