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A. The 4.5 percent annual coupon bonds of IPO, Inc. are selling for $945. The bonds have a face value of 1,000 and mature in
A. The 4.5 percent annual coupon bonds of IPO, Inc. are selling for $945. The bonds have a face value of 1,000 and mature in 14 years. What is the yield to maturity?
B. Now, If the bond were to make semi annual payments, but all other features remained the same, what would be the yield to maturity?
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
