Question
A large hospital has a bond issue outstanding with seven years remaining to maturity, a coupon rate of 11% with interest paid annually, and a
A large hospital has a bond issue outstanding with seven years remaining to maturity, a coupon rate of 11% with interest paid annually, and a par value of $1050. The current market price of the bond is $1,315.87. What is the bonds yield to maturity?
Bonus: Assume that the bond has semiannual coupon payments. What is its yield to maturity?
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
