Question
A few years ago, Spiderweb, INC. issued bonds with the 11.42% annual coupon rate paid semiannually. The bonds have a par value of $1000, a
A few years ago, Spiderweb, INC. issued bonds with the 11.42% annual coupon rate paid semiannually. The bonds have a par value of $1000, a current price of $742, and will mature in 22 years. What would the annual yield to maturity be on the bond if you purchased the bond today?
Round the answer to two decimal places in percentage form.
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
