BT is considering investing in government bonds. The current price of a P100 bond with 10 years
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BT is considering investing in government bonds. The current price of a P100 bond with 10 years to maturity is P88. The bonds have a coupon rate of 6% and repay face value of P100 at the end of the 10 years. Required: Calculate the yield to maturity.
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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