Question
A government bond is currently selling $1,395and pays $100 per year in interest for 10 years when it matures. If the redemption value of this
A government bond is currently selling $1,395and pays $100 per year in interest for 10 years when it matures. If the redemption value of this bond is $1,000, what is its yield to maturity if purchased today for $1,395? I have this part.
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
