Question
A semi-annual bond with $1000 par value, 4 years to maturity, and 10% coupon rate is issued at a price of $1,075. What is the
A semi-annual bond with $1000 par value, 4 years to maturity, and 10% coupon rate is issued at a price of $1,075. What is the yield to maturity, expressed as a
stated rate (APR)?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
