Question
A two-year bond with a face value of $1,000, making annual coupon payments of $96, is trading at par. What will be the realized compounded
A two-year bond with a face value of $1,000, making annual coupon payments of $96, is trading at par.
What will be the realized compounded yield to maturity if the one-year spot rate next year turns out to be 11.6%?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
