Question
A PDQ bond pays a coupon of 8.5% per year. The current price of this bond is $1,105. This bond has 15 years to maturity.
A PDQ bond pays a coupon of 8.5% per year. The current price of this bond is $1,105. This bond has 15 years to maturity. Calculate the approximate yield-to-maturity
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
