Question
An 8.5% coupon bond pays interest semiannually and has 11.5 years to maturity. The bond has a face value of $1,000 and a market value
An 8.5% coupon bond pays interest semiannually and has 11.5 years to maturity. The bond has a face value of $1,000 and a market value of $878.50. What is the yield to maturity? Is it A.11.5% , B.6.75%, C.10.33%, D. 8.78%
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The Economics Of Money Banking And Finance
Authors: Howells, Keith Bain
3rd Edition
0273693395, 978-0273693390
