Question
A few years ago Spider Web INC issued bonds with a 6.79 percent annual coupon rate paid semi annually. The bonds have a par value
A few years ago Spider Web INC issued bonds with a 6.79 percent annual coupon rate paid semi annually. The bonds have a par value of $1000 a current price of $762 and will mature in 14 years. What would the annual yield to maturity be on the bond if you purchased a bond today? Round the final answer to two decimal places in percentage form.
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
