Question
ABC has 2.49 percent coupon bonds on the market with 1 year left to maturity. If the $1000 face value bonds make semiannual payments and
ABC has 2.49 percent coupon bonds on the market with 1 year left to maturity. If the $1000 face value bonds make semiannual payments and are currently priced at $997, what is their YTM in percent?
Answer to two decimals
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
