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ABC Inc's noncallable semi-annual bonds currently sell for $1,160. They have a 15-year maturity, an annual coupon rate of 9.5%, and a par value of
ABC Inc's noncallablesemi-annualbonds currently sell for $1,160. They have a 15-year maturity, an annual coupon rate of 9.5%, and a par value of $1,000. What is their yield to maturity?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
