Question
A coupon bond that pays interest of $30 annually has a par value of $1000, matures in 6 years, and is selling today at $850.
A coupon bond that pays interest of $30 annually has a par value of $1000, matures in 6 years, and is selling today at $850. The yield to maturity on this bond is _________. Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"
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Handbook Of Environmental And Sustainable Finance
Authors: Vikash Ramiah, Greg N. Gregoriou
1st Edition
012803615X, 978-0128036150
