Question
A zero-coupon bond with face value $1,000 and maturity of five years sells for $738.22. a. What is its yield to maturity? (Round your answer
A zero-coupon bond with face value $1,000 and maturity of five years sells for $738.22.
a. What is its yield to maturity? (Round your answer to 2 decimal places.)
b. What will the yield to maturity be if the price falls to $722? (Round your answer to 2 decimal places.)
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
