Question
A STRIPS with 14 years until maturity and a face value of $10,000 is trading for $7,537. What is the yield to maturity? (Do not
A STRIPS with 14 years until maturity and a face value of $10,000 is trading for $7,537. What is the yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
