Question
A government bond is currently selling for $1,225 and pays $85 per year in interest for 10 years when it matures. If the redemption value
A government bond is currently selling for $1,225 and pays $85 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 $1,225?
FV = $1,000
PV = ($1,225)
PMT = $85
N = 10
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Family Matters Making The Right Financial Decision For Your Filipino Family
Authors: Belen Loreto Grand
1st Edition
1683509544, 978-1683509547
