Question
A few years ago Spider Web Inc issued bonds with a 12.17 percent annual coupon rate, paid semiannually. The bonds have a par value of
A few years ago Spider Web Inc issued bonds with a 12.17 percent annual coupon rate, paid semiannually. The bonds have a par value of 1,000, a current price of 943, and will mature in 14 years. What will the annual yield to maturity be on the bond if you purchased the bond today? Round to the nearest two decimal place
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Smart Supply Chain Finance
Authors: Hua Song
1st Edition
9811659966, 978-9811659966
