Question
A large corporation is planning to issue bonds with one annual coupon payment of 5%. The bonds will have a par value of $1,000, a
A large corporation is planning to issue bonds with one annual coupon payment of 5%. The bonds will have a par value of $1,000, a current price of $1,050, and they will mature in 30 years. What is the yield to maturity on these bonds?
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Competing On Analytics The New Science Of Winning
Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman
1st Edition
1422103323, 9781422103326
