A World Tire Corp bond carries a 7.5 percent coupon, paid annually. The par value is $1,000, and the bond matures in five years. If
A World Tire Corp bond carries a 7.5 percent coupon, paid annually. The par value is $1,000, and the bond matures in five years. If the bond currently sells for $1,206.09, what is the yield to maturity on the bond?
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Authors: Ronald Scheinberg
2nd Edition
1138558990, 978-1138558991
