Question
A coupon bond that pays interest of $60 annually has a par value of $1000, matures in 4 years, and is selling today at
" A coupon bond that pays interest of $60 annually has a par value of $1000, matures in 4 years, and is selling today at a $75 discount from par value. 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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Auditing Theory And Practice
Authors: Arun Kumar & Rachana Sharma
1st Edition
8171567207, 978-8171567201
