Question
A Zambian company has a bond outstanding that sells for 87% of its K100,000 par value. The bond has a coupon rate of 5.4 %
A Zambian company has a bond outstanding that sells for 87% of its K100,000 par value. The bond has a coupon rate of 5.4 % paid annually and matures in 21 years.i) what is the yield to maturity of this bond.
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Principles Of Corporate Finance Law
Authors: Eilis Ferran, Look Chan Ho
2nd Edition
0199671354, 978-0199671359
