Question
A few years ago spider web inc. issued bonds with a 11.65% annual coupon rate paid semiannually. The bonds have a par value of 1000
A few years ago spider web inc. issued bonds with a 11.65% annual coupon rate paid semiannually. The bonds have a par value of 1000 a current price of 1096 and will mature in 11 years. What would the annual yield to maturity be on the bond if you purchased the bond today?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
