Question
A Treasury bond that settles on August 10, 2016, matures on April 19, 2024. The coupon rate is 7.1 percent and the quoted price is
A Treasury bond that settles on August 10, 2016, matures on April 19, 2024. The coupon rate is 7.1 percent and the quoted price is 115:5. What is the bonds yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Yield to maturity?
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How To Achieve Financial Stability And Sustainability
Authors: Dr Javnyuy Joybert Joybert
1st Edition
131236789X, 978-1312367890
